Nixx05 Posted June 13, 2022 Share Posted June 13, 2022 What loans you all applying to cover costs? Do you ask for full amount or apply per year? Thx in advance Quote Link to comment Share on other sites More sharing options...
Rendo1983 Posted June 27, 2022 Share Posted June 27, 2022 I have the same question!! Quote Link to comment Share on other sites More sharing options...
snaeem Posted February 6 Share Posted February 6 Did you ever get an answer to this? I'm wondering the same myself. I was going to apply for the PLUS loan through FAFSA since it's a fed loan and qualifies for loan forgiveness Quote Link to comment Share on other sites More sharing options...
dzd935935 Posted February 7 Share Posted February 7 @snaeem As an independent fully funding program attendance through loans, I plan to max out the graduate federal unsubsidized loan ($20,500, 7.05% interest rate this year) followed by the graduate PLUS loan (covers the rest up to school's posted cost of attendance, 8.05% interest rate this year). Both are federal loans that qualify for loan forgiveness through PSLF or SAVE. 2 Quote Link to comment Share on other sites More sharing options...
Boatswain2PA Posted February 10 Share Posted February 10 Student loans are evil. They are a pernecious drain on your future earnings, lifestyle, joy, happiness, and wealth building. If you don't HAVE to have them, then don't. Go to the cheaper program. Take the gap year to work to pay off undergrad loans. If you HAVE to have them, take out the minimal amount you need, and put it in the FRONT of your mind that debt is the FIRST THING you have to kill when you are making big boy/girl (or whatever, because there are apparently 72 other genders now) money. No buying a new car. No buying a new house. No nothing.....KILL THE DEBT. Then you can build wealth, which makes you better at practicing medicine. 3 Quote Link to comment Share on other sites More sharing options...
SedRate Posted February 10 Share Posted February 10 Agree with the above: go to the cheapest school you can that will provide a good education and job opportunities, take out the bare minimum to survive on (get a roommate, cook inexpensive meals, carpool, etc), and then pay off your loans STAT. Don't let your life become victim to your debt choices aka lifestyle creep. (The only good debt out there is no debt.) 2 1 Quote Link to comment Share on other sites More sharing options...
snaeem Posted March 14 Share Posted March 14 On 2/6/2024 at 9:16 PM, dzd935935 said: @snaeem As an independent fully funding program attendance through loans, I plan to max out the graduate federal unsubsidized loan ($20,500, 7.05% interest rate this year) followed by the graduate PLUS loan (covers the rest up to school's posted cost of attendance, 8.05% interest rate this year). Both are federal loans that qualify for loan forgiveness through PSLF or SAVE. That's helpful, thank you! Quote Link to comment Share on other sites More sharing options...
Sunnyn Posted March 14 Share Posted March 14 Is it possible to get an interest refund on the tax return when paying off the loans? Can you all share some insights on this? Thanks! Quote Link to comment Share on other sites More sharing options...
ohiovolffemtp Posted March 16 Share Posted March 16 In general, the cost of training for a new career is not tax deductible. This includes interest costs. The exception would be if you took out a home equity loan. However, with how high the personal exemption currently is, few folks benefit from itemizing. Quote Link to comment Share on other sites More sharing options...
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