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impt question about financial aid

Discussion in 'Dental' started by beachsegalls, May 27, 2008.

  1. beachsegalls

    beachsegalls keeping it real 7+ Year Member

    Jul 30, 2007
    Jersey Shore
    After subtracting the stafford loan, health professions loan, perkin's loan, and a grant from the budget, I still need about 28,000 to cover my 1st year's expenses. I have the options of applying for a grad plus loan or an alternative loan to pay for school. Any of you who have experience with this process and these types of loans, can you please help me out? Which route do you recommend?
    Thanks a bunch.
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  3. straightwire

    straightwire 2+ Year Member

    Oct 15, 2007
    Why don't you talk to your financial aid counselor at Penn?...I remember Penn also has a program that offer a portion of your loan interest free while you are in school in addition to the $18,500 Stafford loan you can get...I forgot exactly the name of the loan...but you should look into it. Good luck....

    UPenn SDM Class of 2001
  4. jackbauer!

    jackbauer! Guest

    Jul 2, 2006
    West of MLK
    I agree with to your counselor.

    But to answer your question to the best of my ability: after maximizing scholarship/grant, perkins/health prof. and stafford- the next best option is gradplus. This loan is a government backed 8.5% fixed rate loan. The key words here are "fixed rate." Private loans may carry a similar rate, but are variable. Variable = bad.

    Hope that helped.


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