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Re: Safford loans
Posted by -- on 4/30/08

    On 4/30/08, Patrick wrote:
    > What are Safford loans? Are they credit based or like the SallieMae
    > student loans? What schools offer those now?
    >
    > Thanks,
    > Patrick

    Safford loans are administered by SallieMae. There are subsidized and
    unsubsidized Safford loans available depending on your qualified
    education expenses and income. The subsidized loans are interest free
    while you are in school and no payments are due until six months after
    you graduate (or drop out). The unsubsidized Safford loans carry an
    interest charge while you are in school but no payment is due until you
    are out of school. Outright grants are also available to DETC school
    students. I paid all law school expenses and living expenses with
    Safford loans while I was a student at an ABA school. The interest rate
    is keyed to the prime rate. Currently very low.

    Check out the SallieMae website for more info.

     
     

 
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