Posted: 7/10/2007 9:24:01 PM EDT
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I'm applying for the "Education One" loan program from Chase bank and was wondering if you guys have any tips or suggestions for a college student. I'm currently going into my second year of college. I've started college as a sophomore but I plan on staying all 4 years. I'm a Computer Science major. My first question: In repayment method, whats the difference between "Full Deferrment, Immediate repayment, and interest only"? Second Question: How much should I borrow to start out with? Thanks |
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First off, I'd talk to your college's financial aid office about federal loans and grants before you even think about private loans. Second, without knowing your income, your cost of attendance (including tuition, housing, food, books, etc), expected family contribution, and other sources of aid, no way in heck I can come up with a good number. Did you file a FAFSA? <---120K in the hole thanks to student loans. Yay for 7 years of college (and no, they weren't all undergrad) |
You're a computer science major? Hmmm. I was a comp. sci. major, but I switched to Information Systems  . Do they have computer engineering where you're going to school? or just computer science?
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+100 ALWAYS check with your student financial aid office and file with FAFSA. As a matter of fact, create an account with FAFSA right now online, then go talk to your school the next time you are there. This is by far the best way. Avoid private companies like the plague unless you ABSOLUTELY must use them. |
They have both |