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- Aug 22, 2011
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Okay, so I think I already have this figured out, but I want other opinions:
I have money saved up for school (about 30 grand), but due to some family circumstances right now, I do not know if all of that money will be available for me to actually utilize for PT school. (The total cost for the school I am attending is about 35,000 for the entire program).
My school is giving out SUBSIDIZED loans UNTIL July 1, 2012. I start school May 29, 2012 so I WILL be able to get a subsidized loan (meaning interest does not accrue until after I graduate). They are not giving out subsidized loans AT ALL after that date.
I am thinking it would be wise for me to go ahead and take the subsidized loan out right now and then use whatever is left of my savings later. Does this sound like a good plan?
My only other option would be to use my savings now and then possibly take out an unsubsidized loan when I run out of savings, but this would mean that interest would accrue while I am in school.
Thanks!
I have money saved up for school (about 30 grand), but due to some family circumstances right now, I do not know if all of that money will be available for me to actually utilize for PT school. (The total cost for the school I am attending is about 35,000 for the entire program).
My school is giving out SUBSIDIZED loans UNTIL July 1, 2012. I start school May 29, 2012 so I WILL be able to get a subsidized loan (meaning interest does not accrue until after I graduate). They are not giving out subsidized loans AT ALL after that date.
I am thinking it would be wise for me to go ahead and take the subsidized loan out right now and then use whatever is left of my savings later. Does this sound like a good plan?
My only other option would be to use my savings now and then possibly take out an unsubsidized loan when I run out of savings, but this would mean that interest would accrue while I am in school.
Thanks!