Law School Discussion

Deciding Where to Go => Financial Aid => Topic started by: LawJedi on July 06, 2007, 06:58:42 AM

Title: Where do I find out what the interest rate on a subsidized stafford loan is?
Post by: LawJedi on July 06, 2007, 06:58:42 AM
Anyone know? I'm not too versed on these things but I received 9k in subsidized staffords and that's probably all I'll need because of the scholarship.
Title: Re: Where do I find out what the interest rate on a subsidized stafford loan is?
Post by: dcforlife on July 06, 2007, 07:02:00 AM
teh google.

All Staffords are 6.8 fixed at the moment, it's just whether or not that interest is accrued during school (it isn't, on subsidized ones). So effectively, it's 0% while in school, 6.8% when you get out.
Title: Re: Where do I find out what the interest rate on a subsidized stafford loan is?
Post by: LawJedi on July 06, 2007, 07:51:27 AM
so, if it's 0%, assuming I didn't need it -- why wouldn't I take the money and put it in a savings account anyway? Are there any fees or anything associated with such a move?
Title: Re: Where do I find out what the interest rate on a subsidized stafford loan is?
Post by: dcforlife on July 06, 2007, 08:13:31 AM
Lots of people have mentioned that as an option, to either make money on the deferred interest or lessen the impact of charged interest. Can't tell you whether or not it's il/legal un/ethical.