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Reply to "Paying for Grad School"
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[quote=Anonymous]I will be starting a graduate program in January. I am taking 2 classes per semester and that comes out to about $4,000 each semester. I work in marketing and make base+commission. Some weeks are significantly better than others. My original plan was to pay the $4k upfront each semester. I'm worried that limits the cushion I like to have in my account for lean weeks. My thought is that I'll take an unsubsidized loan to cover each semester and pay it back $1000 a month while I'm in school. That way, I still won't have debt when I graduate, but I will have a safety net in case anything unexpected comes up. I'm planning to take classes in the summer, when I can't take a loan. Should I take $8k this spring and just save $4k for summer? I'm the kind of person that will just tuck it away in savings until I need it, so I'm not worried about blowing it. The other thought I had was to not pay the loan during the spring and just pay the 4k for the summer and then worry about the loan for the Spring. Thoughts from anyone who's done similar?[/quote]
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