Question about the Education One Loan?

let me get this straight...you are considering denying a subsidized loan (need based loan that the government will pay the interest on while in school) for a private loan that will accrue interest once the moeny is disburse to you. Hmmmm. I guess go for the private loan. The loan will be divide between the fall and spring semester. Just because your cost of attendance is 16,000 per yr does not mean you will acutally pay 16000 for the year. That is just a generalization. Meaning, significant amount of students will pay significantly less. You will be to determine how much it will cost you within the 16,000. So, calculate how many credits you plan on taking and multiply it by 2 and figure out how much housing cost per year. Then add in books, make sure they are used. This is your cost for the year. I recommend you get a part-time job to ist with the cost.