- July 10, 2008 at 8:00 pm #259696
Many people do not have the option to pay cash for school and as long
as you get your loan thru a reputable bank/lender you will be fine.
Pay attention to the repayment terms but in my experience they are more
than fair. Student loans, though they will show on your credit report,
will not negatively effect your credit rating if they are in
deferrment. You normally do not have to pay anything until 6 months
after you graduate and even then you can stretch out repayment over a
very lenghthy amount of time if necessary.
If you can get a Stafford Loan (thru federal aid) then your interest
rate will be determined and regulated by the government and some
stafford loans I think will even cover the interest (depending on your
**Also check with your church. Many denominations have scholarships
and loans through the national headquarters. I received a large
scholarship and a loan through the Presbyterian Church (USA).
— In Budget101_@yahoogroups.com, “Lucy Anderson”
> Experience with student loans = DON’T.
> Run, far, far, far away. We have over $50K of student loan debt
> us and it hurts. It is like a heavy weight hanging over life and it
> go away. It is not worth it – pay cash.
> On Thu, Jul 10, 2008 at 1:00 PM, Terry
> > Hey All,
> > My wife just got accepted to nursing school.
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