Loans!
Hello everyone! I've searched the memories but haven't found anything on this particular question, so here goes!
I have recieved and accepted federal funding for my master's, which I start in September. However, it only covers a little under half of my entire cost of education (living expenses, housing, etc all included), so I've been looking into others sources for loans. I don't qualify for funding from the school because it is extremely limited and merit-based.
Has anyone used T.H.E. Loans before, or know someone who did? They seem reputable and are one of the programs my school recommended, but I'm looking for personal experience with them. I'm looking into their Graduate Plus, which seems like the best bet.
They will cover the amount I need, only capitalize once (when repayments start), have a fixed 8.5% interest rate (high, but better than a flexible rate!), 25 years to repay, and deferment until 6 months after school is finished as long as you stay at least part-time (I'll be full-time). I never had to take out loans so I'm just learning this all now. Does this seem right to you guys?
Thanks for all your help!