I have no idea what is available. D will take our Stafford loans up to the limit. We should be able to pay the rest with a combination of savings, current income, and home equity. However, we recently had some family issues that may put us in a temporary cash flow crunch exactly when we have to pay…so I’m researching loan options (which we were not planning on needing even 2 months ago and in fact, we may not even need). I’m very ignorant on the subject. Can anyone fill me in.
Some schools offer a payment plan where the first monthly payment is due in June or July and continues monthly until October. Would that help?
Actually, that would help somewhat. I’ll have to see what’s available when D actually chooses a school. I’m also thinking of a small 491(k) loan just to tide us over.