I am just curious if any of you guys are filling out financial aid stuff. Thanks!
Originally posted by Primate
Something to consider:
You will almost all be eligible for $8,500 of zero interest loans each year. If you invest it VERY CONSERVATIVELY, over the ~8 years of the MSTP you'll make some coin and still be able to pay it back (think "free money"). Not that this is what the money is intended for, but still a possibility under the current rules.
BEWARE, however. If you spend the money, then you will have to pay it back with interest that starts accruing 6 months after you graduate. If you invest in risky stocks, you could loose it and still have to pay it back.
I know people who have done it all 3 ways (no loan, loan and invest, loan and spend).
Think long and hard before going into debt. Residency pays terribly.
Originally posted by Primate
If you spend the money, then you will have to pay it back with interest that starts accruing 6 months after you graduate. If you invest in risky stocks, you could loose it and still have to pay it back.