How much interest did it accrue once you were out of college?
2006-07-15 17:35:02 · 4 answers · asked by Samantha 5 in Education & Reference ➔ Financial Aid
I borrowed about $8000 from unsubsidized loans, and by the time I left college it had accrued about $250. It was something like that the interest rate varied between 2.5 and 3% while I was in college. It's really not that bad of a deal. Something I did to make myself feel better about doing it, is I would try to make monthly payments towards it. Besides making myself feel like I was making progress towards paying it off (even though I only did a few bucks a month), it also got me in the habit of paying the loan. I would recommend trying to pay whatever interest accrues monthly while you're in college. This will probably be $10 or less each month, so it's not that big of a deal. And then when you leave college, it will be like you had received a subsidized loan.
2006-07-15 17:42:45 · answer #1 · answered by Dave S 4 · 1⤊ 1⤋
My 11,000 loan accrued around $500 by the time I graduated.
2006-07-16 11:45:12 · answer #2 · answered by nolyad69 6 · 0⤊ 0⤋
I don't think you need a loan to get a GED
2006-07-15 23:25:03 · answer #3 · answered by Chad 7 · 0⤊ 0⤋
nope
2006-07-16 03:39:02 · answer #4 · answered by lipglosslover 3 · 0⤊ 0⤋