- Joined
- Mar 12, 2016
- Messages
- 106
- Reaction score
- 174
I'm not entirely sure how the loans work if you have an existing military scholarship, but say you can take out the full $40,000 amount a year. I do know they give you a 120 day grace period to return the loan with no interest and no fees. Then let's say you throw that $40,000 into a high interest savings account ~1.7-2.2% (avg. 2%). After one year you are up $800, assuming you return the loan in time to not get hit with interest or fees. No risk, since the bank is FDIC insured, and these are not stocks. Would this work under the existing structure of graduate student loans?