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eribrav · 06-21-2003, 11:29 AM

Here in the States, you will have lots of options for borrowing. The more you borrow, the more you will have to access expensive funds (i.e. high interest rates). The first 8 or 10 G usually is govt subsidized and does not rack up interest while you are in school; the next 8 or 10 G is low interest rate but still racks up interest while you are in school.

After that you will get into some really expensive shit.

Try to keep your loans as tight as possible. While you are in school it's tempting to think , what the hell, a few thousand extra won't hurt and it makes life so much easier now. Trust me, it's gonna hurt big time when it's time to repay.

06-21-2003, 11:29 AM	#3 (permalink)
eribrav Junkie Location: upstate NY	Here in the States, you will have lots of options for borrowing. The more you borrow, the more you will have to access expensive funds (i.e. high interest rates). The first 8 or 10 G usually is govt subsidized and does not rack up interest while you are in school; the next 8 or 10 G is low interest rate but still racks up interest while you are in school. After that you will get into some really expensive shit. Try to keep your loans as tight as possible. While you are in school it's tempting to think , what the hell, a few thousand extra won't hurt and it makes life so much easier now. Trust me, it's gonna hurt big time when it's time to repay.