Financial aid question

[Phipps]

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Hi all,

I remember my question partly being discussed/answered on the forum --but I cannot find it. So, here it goes again:

somebody suggested something (sorry for being vague) about taking out the highest financial aid amount possible each year during grad school, and paying interest and possibly part of the debt back WHILE still at school AND saving (if possible at all) money from the student loan for paying back afterwards.

Has anybody here done that or does it or has any thoughts about it? I remember the original poster mentioned that taking out the highest amount possible and paying back while still in school may be a better option than working while in school...

I am trying to figure out what works best.

TIA for any and all thoughts 🙂
Ms. Phipps

 

[Phipps]

Thanks for looking :-(

 

[futureapppsy2]

http://forums.studentdoctor.net/showthread.php?t=828848

Is this the thread you were thinking of?

 

[aequitasveritas]

Overall point: that as soon as you start paying back your loans and you do it consistently, after 10 yrs in public service (min 30 hrs/week) or after 20 yrs in whatever industry, your principle is forgiven. So I suggest arranging some amount with your loan companies and making payment so you start knocking away the years on that forgiveness time frame.