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Hey all,
So I was just wondering what people's thoughts were on taking out private loans vs federal PLUS loans. I am going to an out of state school so I am going to end up borrowing a significant amount of money over the 2.5 years of the program. The private loans have no origination fee and lower interest rates to start, but the PLUS loans have income driven repayment options and possible loan forgiveness? Any advice? Or experiences you had?
So I was just wondering what people's thoughts were on taking out private loans vs federal PLUS loans. I am going to an out of state school so I am going to end up borrowing a significant amount of money over the 2.5 years of the program. The private loans have no origination fee and lower interest rates to start, but the PLUS loans have income driven repayment options and possible loan forgiveness? Any advice? Or experiences you had?
