snakeplissken

Well I just learned I was approved for a Federal Ford Direct Loan, partially subsidized. This means I would have to pay interest on a portion of the loan as a student, and the rest would draw interest upon graduation. On top of that I did receive a little bit of aid via the Pell Grant. Not a lot, but every bit helps. With the savings I have left on top, plus employment, I think I could probably make it out at the end without a terrible lot of debt. Honestly, I'm considering doing it also as a method to improve my credit score as well as a way to get through without having to work myself ragged. Also, I've never taken out loans before for anything, so credit-wise I don't exist. I'd like to change that, and I think this may be a good opportunity. I'll probably talk to my sis in law, as she's been through all this before and knows the ropes.

Really getting this news has taken a load off my mind as I was worrying about having to take private loans that would absolutely hose me on interest rates and repayment schedules. Still, going into debt is a tough thing to decide to do. Who's to say the economy will be back out of the shitter when I graduate? I'm going to have to go take a long dump and consider things.