alaskagirl Posted July 10, 2014 Share Posted July 10, 2014 Hello! So I recently checked my financial aid and found that I've been awarded the Unsubsidized Stafford Loan. It's a lot of money for the first year, it would go a long way to help me pay for it, and I wouldn't have to pay it back until I'm done with school. But I'm wondering if it's worth it. Which sounds horrible, I know, but I already have a loan with my car that I need to pay off. And I'm not entirely sure how the loans work - I know they'll automatically pay off my school payments and then give the rest to me, I know it'll have interest as soon as it pays the school, I know I don't have to pay it back until I'm done with school. But really, is it that simple? And is this loan a good one or should I try for a different one? What have others done? Thanks! Link to comment Share on other sites More sharing options...
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