- Joined
- Feb 12, 2013
- Messages
- 119
- Reaction score
- 15
Incoming OMS-1, and I've been thinking, my parents had a small chunk of money saved for my undergrad which I never used. They can't afford to put me through all 4 years tuition and everything, but there is what I think a decent amount set aside that I haven't had a need to touch yet that should hopefully cover housing/food/expenses.
My plan is to use only the unsubsidized stafford for tuition and use up that extra fund first for first and second year, then start borrowing money from grad plus. The interest compounds as soon as you start borrowing right? So it would be better to put off the grad plus loans until 3rd and 4th year. Or would it be better to use grad plus 1st and 2nd and use the funds later 3rd and 4th year? What's more expensive, 1,2,3, or 4th year.
My plan is to use only the unsubsidized stafford for tuition and use up that extra fund first for first and second year, then start borrowing money from grad plus. The interest compounds as soon as you start borrowing right? So it would be better to put off the grad plus loans until 3rd and 4th year. Or would it be better to use grad plus 1st and 2nd and use the funds later 3rd and 4th year? What's more expensive, 1,2,3, or 4th year.