- Joined
- Jan 8, 2007
- Messages
- 4,342
- Reaction score
- 73
Here's the deal. Students who have to work to support themselves will not have the highest GPAs. I could take out more loan money or beg my parents for money, but either way, the money has to come from somewhere.
This is my rationale:
If I take out less than it costs to go to pharm school, I will save thousands of dollars when I graduate.
If I take out more than it costs to go to pharm school, I will have a higher GPA.
I don't think it's worth the extra money for a higher GPA. My GPA is 3.45 right now, and from the way this semester is going, my GPA will go up to 3.5+. It's not good enough for Rho Chi, but I'm 100% satisfied with it, especially because I always work 20-25hrs/week during school and 30+/week during breaks.
I take out less than I need to cover tuition, usually $500-700/semester. At the end of four years, I'll have to pay back $4000-5600 less(not including the cost of interest) than what I would have to pay if I had taken out the full amount for tuition.
Half of my loan money is privately funded, and the interest rate is outrageous. For private loans, the interest builds while you're in school. For some unfortunate reason, we're still considered undergrad students until our P3 year--> I have to take out private loans now, because I've already exceeded the federal loan limit for undergrad students. Next year, I want to take out the maximum amount for a grad student; I think it's $33,000/year. That way, I can shave off $15,000 of private loan debt and substitute it with federally-fund debt.
This is my rationale:
If I take out less than it costs to go to pharm school, I will save thousands of dollars when I graduate.
If I take out more than it costs to go to pharm school, I will have a higher GPA.
I don't think it's worth the extra money for a higher GPA. My GPA is 3.45 right now, and from the way this semester is going, my GPA will go up to 3.5+. It's not good enough for Rho Chi, but I'm 100% satisfied with it, especially because I always work 20-25hrs/week during school and 30+/week during breaks.
I take out less than I need to cover tuition, usually $500-700/semester. At the end of four years, I'll have to pay back $4000-5600 less(not including the cost of interest) than what I would have to pay if I had taken out the full amount for tuition.
Half of my loan money is privately funded, and the interest rate is outrageous. For private loans, the interest builds while you're in school. For some unfortunate reason, we're still considered undergrad students until our P3 year--> I have to take out private loans now, because I've already exceeded the federal loan limit for undergrad students. Next year, I want to take out the maximum amount for a grad student; I think it's $33,000/year. That way, I can shave off $15,000 of private loan debt and substitute it with federally-fund debt.