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Thread: Loan question

  1. #1
    911Med's Avatar
    911Med is offline Senior Member 510 points
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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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    jar22 is offline Member 510 points
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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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    novamd is offline Member 510 points
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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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