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- Feb 9, 2018
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nope, per academic year. For example, the COA is $93,000, but if you take the 30% tuition discount, the COA drops to $75,000. Each year, you would be eligible to borrow $40,500 at 6% and the remaining $34,500 at 7%. Both options will accrue interest immediately. IF the interest rates do not increase, your weighted average interest rate would be 6.46%. So if you were not planning on utilizing any loan forgiveness options (which may or may not still be in existence years from now), you might be better off trying to find a personal loan with a lower fixed interest rate.Isn't it $20,500 in Federal Unsubsidized loans per semester?
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