So I will begin my first journey as a PT student this fall. I feel fully ready but lately have beeb dealing with the financial aid end of things and have found myself indecisive about the loan options.
I have to get the Stafford Loan which is an automatic $20,500. After this is dispursed, I will still need even more money for the rest of tuition costs and living expenses. My financial advisor suggested the direct PLUS Loan, which seems to be what most people do. However, this interest rate is 7.9%, whereas another lender, like Discover or Wells Fargo, offers loans at lower interest rates.
My advisor suggested it is not worth it because they usually can not be consilidated with my undergrad loans.
Anyone else in/been through this before or can offer advice??
Thank you in advance!!!
I have to get the Stafford Loan which is an automatic $20,500. After this is dispursed, I will still need even more money for the rest of tuition costs and living expenses. My financial advisor suggested the direct PLUS Loan, which seems to be what most people do. However, this interest rate is 7.9%, whereas another lender, like Discover or Wells Fargo, offers loans at lower interest rates.
My advisor suggested it is not worth it because they usually can not be consilidated with my undergrad loans.
Anyone else in/been through this before or can offer advice??
Thank you in advance!!!