where are you getting your loan?

[Studoc28]

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Aside from military scholarships, does everyone get their loans through Stafford ($45,000) and then do the rest through grad plus? Are there any other organizations that are available at a better interest rate?

Also, what is the difference between the unsubsidized Stafford loan and grad plus?

Has anyone here gone through the National Guard for reserves?

 

[GAdawg94]

stafford loan and cash for the rest. I think stafford is 40k .

 

[sumin5924]

Aside from military scholarships, does everyone get their loans through Stanford ($45,000) and then do the rest through grad plus? Are there any other organizations that are available at a better interest rate?

Also, what is the difference between the unsubsidized Stanford loan and grad plus?

Has anyone here gone through the National Guard for reserves?

Stafford*

Difference is their interest rates mainly. And that Stafford has a cap.

NG offers tuition repayment for reserve duty. Think it was like 40K for 3 years of weekends and 3 two week stints? Also, you have to factor in that you will most likely deploy.

 

[Scumbag_Steve]

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[Studoc28]

Does the interest start right away? Is it monthly compounded or yearly? Thanks for all of the info guys, I really appreciate it!

 

[darknightzzz]

Does the interest start right away? Is it monthly compounded or yearly? Thanks for all of the info guys, I really appreciate it!

LMAO................sorry i just gotta give you a smile

the interest rate of 6.8% or 5.8% is an annual yearly compounded rate. Yes, interest starts right away. sad lyfe.

if it is monthly compounded (aka you pay 60% or 50% interest a year) I probably just hang myself and not even go to school.

 

[w4nt2baDDS]

I probably just hang myself and not even go to school.

No wonder why you're dying to hear if you received the HPSP! But yeah, monthly compounded interest would be insane. At 6% it would more than double the loan principal each year!

Does the interest start right away? Is it monthly compounded or yearly? Thanks for all of the info guys, I really appreciate it!

Once money is disbursed it begins accruing annual interest at what ever percent is on that loan. The loans you obtain to pay for the very first semester of dental school will have about 3.75years of annually compounded interest on them by the time you graduate in May/June. For comparison, the loans you obtain for the spring semester/quarter of 1st year of dental school will have about 3.25 years of interest on them by the time you graduate.

 

[swindoll]

Do you guys think that schools that offer Health Professions Student Loan (which is subsidized) for their students are more affordable than schools that do not?

 

[Scumbag_Steve]

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