So. Applications are in. FAFSA is in. 60% of the financial aid forms I need to fill out are in. I just ended sentences with prepositions.
I am now starting to think seriously about how I am going to take out my loans. The government Stafford loans will provide $20,500 in loans annually. This is the first stop on the loan train. I did learn from my FAFSA that I am eligible to take these loans. Yay! I had figured my other loans would be private, although I had heard of Graduate PLUS loans. These loans are essentially private loans guaranteed by the government.
Anyway, one big plus of taking a federal loan is that it makes you eligible for loan forgiveness. As I do plan on working for a non-profit once I graduate, I have looked into student loan forgiveness. It is something based upon income based repayment.
This is part of my Grad School series
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