Loans

[winterhot]

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Those with experiences with loans, do you mind telling me which loan is better, the subsidized stafford or the unsubsidized stafford? Also, what is the graduate PLUS loan? Thanks in advance!

 

[jymezg]

http://www.gradloans.com/graduate-plus-loan/

http://www.staffordloan.com/stafford-loan-info/subsidized-student-loan.php

http://www.staffordloan.com/stafford-loan-info/unsubsidized-student-loan.php

Check out these links for info. Subsidized loans don't accrue interest while in school so its best to max out those before heading to Unsubsidized loans.

 

[JMU07]

Yup, he's exactly right. You do NOT want Grad Plus, it has a higher interest rate and also (I believe) accrues interest during school. The majority of students don't even need to go there b/c you can get a lot of unsub, but unsub isn't good either. You have to get some though to pay for tuition.