Loans

[ngmc11]

what's the benefit of borrowing from a graduate plus loan vs. a private loan?
the interest for a graduate is around 8% while the private loan is prime+#%?
Is there deferment if a residency is completed?
Would appreciate any advice..

 

[Hels2007]

Don't know the details of the grad plus loans, but I do know that you can defer most of the government loans for residency, but it really depends with the private loans. Read the fine print carefully.

 

[Ross434]

The most important difference is that loans from the us government are actually available. Try borrowing $100,000 from a bank right now with no collateral. I bet they probably'd turn you away before you even sat down to discuss terms.