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Author Topic: Loans  (Read 1161 times)

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Loans
« on: June 19, 2008, 12:55:26 PM »
I was looking through student loan options and was just wondering, is there any advantage to taking out Federal Unsubsidized Stafford/GradPlus loans if you have excellent credit?  The rates I get on Private Loans seems to be lower so should I just go with all private?  The subsidized Stafford seems like a great option but I don't quite know if there's reasons to get the other types with good credit.  Thanks!

terranullius

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Re: Loans
« Reply #1 on: June 19, 2008, 05:32:12 PM »
One benefit of getting federal loans would apply if you plan to work in public service. The CCRAA (College Cost Reduction and Access Act) provides income-based repayment and loan forgiveness after 10 years of payment and work in public service - but it only applies to federal loans.
Drake Law School
Class of 2011