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Topic review
   

Expand view Topic review: loans

by brent » Fri Feb 02, 2007 11:47 am

Jszar, good point about the loans accrueing interest while you are in school.

Do everything within your power to pay the interest while you are still in school. You get it back in taxes, and after your graduate, your payments are like half what they would have been.

by Jszar » Fri Feb 02, 2007 10:09 am

ZeroAccess wrote:Financial Aid
Almost ALL educational loans do not gain interest or penalties for non-payment untill 6months after graduation or... 6 months after you withdrawl from school.

Depending on your state you may be able to join a technical school for free under a goverment grant.
Actually your student loans do gain interest while in college. They don't go into repayment until 6 monthes after graduation, or until you drop below full-time student status (12 credit hours or more per semester). I use Sallie Mae, excellent service and very easy. After you graduate, consolidate all your loans into one lump and you can usually get a pretty low interest rate, lower than if you just paid them one by one. You have to take out multiple loans over your school career, usually one for ever semester, or one per school year depending on your finances.

by ZeroAccess » Fri Jan 26, 2007 8:36 pm

Why no grants?
there are TONS AND TONS of grants/scholarships

They just take work to fill out/complete.
I'm lazy so I just got a fafsa loan and called it a day.

by Darthness » Fri Jan 26, 2007 7:57 pm

i'm not eligable for any grants.. my dad (he still claims me on his taxes) apparently makes too much money (remind me why i'm paying or tuition for the summer terms and for all of the books?)

i do have a scholarship that covers me for tuition and some books for the fall & spring semesters, but it doesn't cover summer and i'm not eligable for our state's lottery-funded tuition help program because i have my scholarship

by ZeroAccess » Fri Jan 26, 2007 11:03 am

Financial Aid
Almost ALL educational loans do not gain interest or penalties for non-payment untill 6months after graduation or... 6 months after you withdrawl from school.

Depending on your state you may be able to join a technical school for free under a goverment grant.

by OnYrMrk » Fri Jan 26, 2007 9:43 am

mine was technical too

by Darthness » Fri Jan 26, 2007 8:54 am

i'm in technical college so i don't need too much money but yeah.. i'll look into them.

by OnYrMrk » Fri Jan 26, 2007 8:46 am

my student loan is through Plato. I would check them out. I am still paying on it though, after being out of school for over 7 years. I would have already paid it off If I didn't get married after graduation.

by Darthness » Fri Jan 26, 2007 8:39 am

well my problem is that my dad apparently makes to much.. the only way around that is more than likely moving out, but i can't afford that, and a car :-p

by brent » Fri Jan 26, 2007 8:35 am

Yeah, that sucks when you barely make to much. Happened to me last year on my taxes. I made 1200 dollars more than the cut off for earned income credit on my taxes. This year, there is no way I will be getting it, I make considerably more.

I am waiting on my w2's also so I can get my Fafsa finished. This is my last year of school, I can't wait to be done.

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