ttt Posted July 5, 2009 Report Share Posted July 5, 2009 Ive been reading a lot on here about students getting loans from banks (LOCs) but I'm wondering if it's possible to get government loans which have a better interest rate Link to comment Share on other sites More sharing options...
marcusnasland Posted July 5, 2009 Report Share Posted July 5, 2009 I dont think they do have a better interest rate from my understanding... but I could be wrong. Link to comment Share on other sites More sharing options...
eddo Posted July 5, 2009 Report Share Posted July 5, 2009 Government student loans have no interest while you're still in school. So effectively 0% interest rate. That being said, they won't give you anywhere near enough for dentistry, but you should still borrow as much as you can at 0% interest, then use LOC for the rest. Also government student loans will sometimes forgive parts of your loan, meaning you don't have to pay that part back. I've had thousands forgiven throughout my undergrad, but I think it depends on financial need. Either way, definitely max out your government loans before going to LOC. Link to comment Share on other sites More sharing options...
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