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Student Loans
Posted on 3/30/17 at 8:40 am
Posted on 3/30/17 at 8:40 am
My wife is about to start PA school in June. We have done our FAFSA and been told we can get $20,000 in unsubsidized Stafford Loans. Just need some advice on where to get quality low interest loans. PA school ain't cheap and we will be living off of my Salary while she is in there. Any advice?
5
Posted on 3/30/17 at 8:45 am to NCdawgfan34
quote:
quality low interest loans
Contrary to what the government says, they want as many people as possible taking out loans. They have essentially become loan sharks with the rates they borrow against vs the rates they charge you.
My wife has students loans from Vet school at 5.375 (includes the awesome 0.25% discount for auto pay) for a 6 figure loan amount.
Good luck.
Posted on 3/30/17 at 8:56 am to NCdawgfan34
I'll tell you this, make sure she works at a non-profit, which shouldn't be hard working for a hospital. In 10 years, her loans will be completely forgiven if she signs up for PSLF.
I wouldn't even sweat it.
I wouldn't even sweat it.
Posted on 3/30/17 at 9:02 am to Teddy Ruxpin
She has signed up for that yes but it's not guaranteed from my understanding. Then again I'm new to all this I come from construction not health care.
Posted on 3/30/17 at 9:19 am to NCdawgfan34
Posted on 3/30/17 at 9:22 am to NCdawgfan34
Take out as little as you need to get by. Budget, make menus, eat cheap, and tell friends you just can't go out on a blowout dinner every once in a while. Commit to the budget. It's a game changer.
I don't think you will find any low interest loans.
I don't think you will find any low interest loans.
Posted on 3/30/17 at 10:02 am to NCdawgfan34
The rest comes from grad plus loans which are unsubsidized, which has unlimited amount and slightly higher interest rate. But you can consolidate or do sofi when you start repaying them.
One thing I wish I had done was pay interest while I was in school. Took a few years just to start paying more in principal
One thing I wish I had done was pay interest while I was in school. Took a few years just to start paying more in principal
Posted on 3/30/17 at 10:12 am to NCdawgfan34
You own your home? Have any assets?
If she's gonna be studying all the time just get a second job.
If she's gonna be studying all the time just get a second job.
Posted on 3/30/17 at 10:21 am to BeerMoney
Well we've been married a year. I bought a house a month before we got married. have about 25,000 in the bank saved up. Looking to use that to pay interest while in school and or not touch for emergencies. Truck is on the downhill trying to make it last hahaha.
Posted on 3/30/17 at 2:04 pm to Teddy Ruxpin
This is only true if they are public loans. If through a private entity, you're out of luck.
This post was edited on 3/30/17 at 2:08 pm
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