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Part Time student Loan
wuuhoo
04-21-2010, 04:28 PM
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
04-23-2010, 12:36 AM
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
04-23-2010, 09:23 AM
interest does not start until you finish your school.
wuuhoo
04-23-2010, 11:34 AM
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
04-24-2010, 11:32 AM
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
04-24-2010, 11:45 AM
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....
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