Paying For School

[northeast]

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Can anyone give me the rundown on how the majority of students accomplish this? I just don't really understand how the different loans work: how much are payments, length of repayment, when they come into effect...

any help appreciated.

 

[nemo11]

loans are a burden. but i think that's what most students do. start filing FAFSA now and just take whatever they give you , unless you or your parents are rich. i'm considering the HPSP.

 

[DrSmiles12]

Student loans seems to be the easiest way. Most people do it that way and they pay it of within 30 years depending on the persons personality. I would get your taxes done and then do FASFA like nemo says.

 

[Anatomy Fanatic]

Loans are just about everyone's way to pay. You might end up taking several different loans out, and paying them all off over 20 years or so at about 6-7 percent interest. If you plug this in to an Excel Loan Amortization table you will be amazed to see how much money you spend on interest alone. By amazed I mean disgusted. Try not to barf.