Grad School Loans

[goat]

Ok, I am terribly confused right now....so I qualified/awarded a Stafford loan...but it is going to be divided into 3 semesters based on my program etc....and it does not cover the full fall tuition.

So now i have to cover the difference.....so there is another federal loan i can get the PLUS or is there a better way to do this.....I am a newbie at this.

Another issue is my employer is reimbursing...so i just need a one semester gap to cover....so would i be better paying out of pocket...or since there are no prepay penalties...should i just take out a loan regardless....i only need $7K

 

[Texas Wahoo]

I belive you're allowed to take out 8.25k of subsidized federal loans and 10.25k of unsubsidized federal loans. Anything above that you have to get PLUS or other private loans. All of these require you to qualify based on need of course. They all require a modest ($100 something fee), but all but the subsidized loans accumulate interest during school.

 

[goat]

so are you better off taking a private loan....or a Federal Plus loan?