Part Time student Loan

[wuuhoo]

I am taking 2 courses this summer semester, and was thinking about taking out a part time loan.

Is this a good idea? anyone with past experience?

I know that interest starts building up after the loan is receive, so I am scared of that.

[KIMBOSLICE]

Im a full time student now, you shouldnt worry to much about your part time loan you have 6 months after your done school or your classes to start paying off your loan!

[twitchyzero]

interest does not start until you finish your school.

[wuuhoo]

Originally Posted by twitchyzero

interest does not start until you finish your school.

hmm the thing is, I had a talk with an advisor, and she told me that interest starts to build up right after the loan is received (for partime)

I wasn't aware of this until she told me. Now I'm stuck with a delimma whether to actually take it out..

[twitchyzero]

interesting didn't know it's different for P/T studies
if it's just 2 courses i wouldn't bother but that's me

[johny]

if you need money to get through school then you need a loan... if you don't need money to get through school then you don't need the loan.

it's a STUDENT LOAN... to pay for school....