I qualify for the $3500 loan, but I don’t want to take out a loan and pay interest on it. If I work crazy this summer, I can probably afford to pay this $3500. On top of this $3500, there will also be $2000 which I have to pay. So essentially I will need to pay $5500 if I don’t take the loan out and I will be struggling to make the ends meet, with the books cost, travel expenses and everyday expenses which I have not calculated. Should I just take the loan? But it seems pretty wasteful to take a loan and pay interest on it. I don’t want to be in debt and owe money.
Can I take out a loan and then repay it within the 6 months without any interest? Also, I have a full tuition scholarship so this money is for room and board. I feel like it’s pretty stupid to borrow money for rooming.