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[adriennnnnnnnne]

Has anyone had experience with student loans? I believe it will be necessary for me to take one out and though I am scared, the fact that my time, effort, and stress will be spent on what I want to do with my life as opposed to someone's potatoes or not-cold-enough martini is extremely refreshing

Comments

[ghostworld00]

I took out students loans to finance my education. I am still paying them back. I graduated in December 1996. I took them out when you had to go through a bank, now everything is through the gov. as I understand. The reason it is taking me so long is because I took a deferment for two years which added on to my loan (plus interest). I consolidated my loans in 2003 which really cut down on my monthly payment amount

[strike2]

Most (if not all) schools have a financial aid department that will give you all the information that you need about rates, lenders, and so forth. At my program the financial aid office is excellent and if you find that you need more or less throughout a semester, it can be adjusted. I go through discover bank for my loans, but the school sets is all up. I just fill out paperwork once a year. I am also of the understanding that slowly and dutifully paying off student loan debt can increase your credit score quite a bit. It's an investment, after all.