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Old 11-20-2008, 05:09 PM
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Loan question

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Hey guys - I need a bit of help:

When you have your loan processed, what is the average amount of money that is spent each semester?

Let's assume that you maximize your Stafford loans - what I am concerned about is the Grad Plus stuff - how much of the $29,000 do we actually use?

For uniformity, assume a rather standard existence. No need to fly around everywhere. I just want a ballpark figure.

Really need this info.
Thanks!!!
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Old 11-20-2008, 06:23 PM
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Quote:
Originally Posted by 911Med View Post
Hey guys - I need a bit of help:

When you have your loan processed, what is the average amount of money that is spent each semester?

Let's assume that you maximize your Stafford loans - what I am concerned about is the Grad Plus stuff - how much of the $29,000 do we actually use?

For uniformity, assume a rather standard existence. No need to fly around everywhere. I just want a ballpark figure.

Really need this info.
Thanks!!!
I would say it should be about 24K/sem
4000 from subsidized stafford
6000 from unsubsidized stafford
14000 from gradplus
24000


if you need more than that, I think you'll have to go with private loans.
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Old 11-21-2008, 09:31 PM
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I spent about $18-20k per semester (including everything). I didn't take too many trips and didn't eat at the nicer restaurants all the time like some people do. I also studied on campus most of the time so I didn't spend a whole lot on electricity but that would only change it a few hundred bucks per sem.
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