11-24-2010, 08:40 AM
This is for my daughter who is starting her education.
She already gets a Pell Grant but it only covers a small amoung of her school expenses. For the rest she need to get student loans.
I am concerned because that could be a lot of money for a young person starting out in life. I did agree to help her repay her debt once she graduates. But I don't know.
Anyone else have experience with this. I see that the payback schedule will allow a single person to pay as little as $27 per month but the terms are kind of confusing to me.
She already gets a Pell Grant but it only covers a small amoung of her school expenses. For the rest she need to get student loans.
I am concerned because that could be a lot of money for a young person starting out in life. I did agree to help her repay her debt once she graduates. But I don't know.
Anyone else have experience with this. I see that the payback schedule will allow a single person to pay as little as $27 per month but the terms are kind of confusing to me.
"None are more hopelessly enslaved than those who falsely believe they are free."
Johann Wolfgang von Goethe
Johann Wolfgang von Goethe