Your loan payments are deferred while you are in school. Interest accumulates, but it's going to be "that way" whenever you have to take out a loan
BTW, You CAN have a job. I know people that do it! And the summer schedule is not intense. I definitely plan on getting a job...I just have to look for one
Something I wish I had know too. You can be an RA. It's a fantastic way to save money!!! Yes, it requires some work, but there are people in my class that are and they are doing just fine....
fonz - have you already made your final deposit to NOVA? At RBC, don't they want proof that you have been enrolled? Has NOVA sent you all that information already?
Pay the monthy interest from the line of credit, its the same as having a defferred payment, it just compounds!
But before any of you actually take the plunge, might I suggest you all do a projection to estimate what your monthy payments will be like each year, and to see just how much debt you will have after the interest by the time you graduate. Better to know what you're getting into before the bank comes knocking in 2011.
This site uses cookies to help personalize content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies and terms of service.