Author Topic: Need Help with Financial Aid/Student Loans (Read 6237 times)

Nitantnel · « **Reply #20 on:** July 11, 2012, 08:07:57 PM »

Quote from: MarkS on July 11, 2012, 07:22:10 PM

Yes, With graduate school you can borrow $20,500 per year ($8,500 subsidized/$12,000 unsubsidized) but the interest rate is 6.8%. (unlike the BA where you get the subsidized loan at 3.4%).

I meant to ask if graduate school also holds off interest from the undergraduate loans?

Zeeeeks · « **Reply #21 on:** July 11, 2012, 08:08:35 PM »

Quote from: Nitantnel on July 11, 2012, 08:07:57 PM

I meant to ask if graduate school also holds off interest from the undergraduate loans?

Yes

The repayment begins after you complete school.

MarkS · « **Reply #22 on:** July 11, 2012, 08:09:33 PM »

Quote from: Nitantnel on July 11, 2012, 08:07:57 PM

I meant to ask if graduate school also holds off interest from the undergraduate loans?

Yes. Only on the Subsidized part though.

bubbles · « **Reply #23 on:** July 11, 2012, 08:47:41 PM »

so do you lose anything by giving bmg your FAFSA or either way you're not going to be eligible if you go to college afterwards since you already have a BTS?

meshugener · « **Reply #24 on:** July 11, 2012, 08:48:44 PM »

MarkS · « **Reply #25 on:** July 11, 2012, 08:56:59 PM »

Quote from: bubbles on July 11, 2012, 08:47:41 PM

so do you lose anything by giving bmg your FAFSA or either way you're not going to be eligible if you go to college afterwards since you already have a BTS?

Only reason not to is if you're going to switch to a different place that uses the Pell Grant to pay you a kollel check (as some places do) or if you leave BMG early (before you get a BTS) and go to college for a BA.
B.M.G. does give you around $1,800 a year as a token gift (to get you to come sign the paperwork...)

Saver2000 · « **Reply #26 on:** July 11, 2012, 09:01:09 PM »

Quote from: MarkS on July 11, 2012, 08:56:59 PM

B.M.G. does give you around $1,800 a year as a token gift (to get you to come sign the paperwork...)

Only if your married.

bubbles · « **Reply #27 on:** July 11, 2012, 09:03:54 PM »

Quote from: MarkS on July 11, 2012, 08:56:59 PM

Only reason not to is if you're going to switch to a different place that uses the Pell Grant to pay you a kollel check (as some places do) or if you leave BMG early (before you get a BTS) and go to college for a BA.
B.M.G. does give you around $1,800 a year as a token gift (to get you to come sign the paperwork...)

so you're saying that since I plan on staying in BMG til I get a BTS I lose nothing?

MarkS · « **Reply #28 on:** July 11, 2012, 09:07:34 PM »

Quote from: bubbles on July 11, 2012, 09:03:54 PM

so you're saying that since I plan on staying in BMG til I get a BTS I lose nothing?

Correct. + you gain $1,800 a year.

bubbles · « **Reply #29 on:** July 11, 2012, 09:16:22 PM »

Quote from: MarkS on July 11, 2012, 09:07:34 PM

Correct. + you gain $1,800 a year.

Thanks

Nitantnel · « **Reply #30 on:** July 12, 2012, 01:07:25 PM »

Quote from: bubbles on July 11, 2012, 09:16:22 PM

Thanks

Why not make sure that they do not give you a BTS, or. at the very least, have them hold onto it for you should you ever want it.

WhyAich · « **Reply #31 on:** July 12, 2012, 01:20:20 PM »

whats B.M.G.?

bubbles · « **Reply #32 on:** July 12, 2012, 01:21:16 PM »

Quote from: Nitantnel on July 12, 2012, 01:07:25 PM

Why not make sure that they do not give you a BTS, or. at the very least, have them hold onto it for you should you ever want it.

you're able to do that?

MarkS · « **Reply #33 on:** July 12, 2012, 01:21:48 PM »

Quote from: WhyAich on July 12, 2012, 01:20:20 PM

whats B.M.G.?

What's 770? Lol!

Bais Medrash Govoha - The yeshiva in Lakewood with 5-6,000 people...

WhyAich · « **Reply #34 on:** July 12, 2012, 01:22:50 PM »

Quote from: MarkS on July 12, 2012, 01:21:48 PM

What's 770? Lol!

Bais Medrash Govoha - The yeshiva in Lakewood with 5-6,000 people...

Apparently it doesn't compare to 770, as you know what that is and I didnt know what BMG was

MarkS · « **Reply #35 on:** July 12, 2012, 01:24:20 PM »

Quote from: WhyAich on July 12, 2012, 01:22:50 PM

Apparently it doesn't compare to 770, as you know what that is and I didnt know what BMG was

There may be many things that I know but you don't know

Doesn't reflect on the institution as much as on your knowledge base

WhyAich · « **Reply #36 on:** July 12, 2012, 01:25:38 PM »

Quote from: MarkS on July 12, 2012, 01:24:20 PM

There may be many things that I know but you don't know Doesn't reflect on the institution as much as on your knowledge base

I never said it reflected on the institution (you call it institution?

)

You were referring to popularity. As in you're surprised I never heard of it. I didn't. Whereas you heard of 770

MarkS · « **Reply #37 on:** July 12, 2012, 01:32:39 PM »

Quote from: WhyAich on July 12, 2012, 01:25:38 PM

I never said it reflected on the institution (you call it institution? )
You were referring to popularity. As in you're surprised I never heard of it. I didn't. Whereas you heard of 770

Yes, it is an institution of higher learning.
Again, as I am saying, it may just mean that I have a larger breadth of knowledge than you do......

Have you simply not heard of the acronym B.M.G, or were you not aware that the largest Yeshiva in the world exists in Lakewood?

WhyAich · « **Reply #38 on:** July 12, 2012, 01:49:16 PM »

Quote from: MarkS on July 12, 2012, 01:32:39 PM

Again, as I am saying, it may just mean that I have a larger breadth of knowledge than you do......

based on?? that you know of BMG? i do now

so there goes your "larger breadth of knowledge"
+ it's all about exposure... i have different exposure than you do, it's not more or less.

TC610 · « **Reply #39 on:** July 12, 2012, 03:30:57 PM »

Quote from: WhyAich on July 12, 2012, 01:20:20 PM

whats B.M.G.?

Whew. Glad I'm not the only one.
http://forums.dansdeals.com/index.php?topic=10605.msg153275#msg153275