Current PT students, just wondering if anyone has a similar situation...
I'm starting school in the fall. I just got my award packet from school and the loans they are offering are massive. Yikes. It is an expensive school, and they have broken down all the projected costs and it does make sense. But I did my own budget and was trying to get the amount I needed down to an amount I could stomach. Anyway, my questions are:
1. Should I take the loan amounts offered even if I end up with extra money every month? (Obviously this is better than coming up short.)
2. If I do end up staying under budget, is it okay/legal to put extra loan money into my savings account and just bank it?
I figure if I take the whole amount and don't need it, I can always save it up to help make bigger payments once I graduate.
Any input would be helpful! Thanks!
I'm starting school in the fall. I just got my award packet from school and the loans they are offering are massive. Yikes. It is an expensive school, and they have broken down all the projected costs and it does make sense. But I did my own budget and was trying to get the amount I needed down to an amount I could stomach. Anyway, my questions are:
1. Should I take the loan amounts offered even if I end up with extra money every month? (Obviously this is better than coming up short.)
2. If I do end up staying under budget, is it okay/legal to put extra loan money into my savings account and just bank it?
I figure if I take the whole amount and don't need it, I can always save it up to help make bigger payments once I graduate.
Any input would be helpful! Thanks!