<p>a) it was extended to me in the financial aid award letter (why did the university extend this to my son when they knew of the unemployment? - I wondered, too); was kinda clicking yes to the package in order to get this yr’s college pd - it helped address the problem of paying for college this yr.</p>
<p>b) it was my understanding that it cd be pd off after graduation (thus my question in the post) when I assume I wd be gainfully employed by then - three yrs; 'cause why wd the college extend this loan option to an unemployed person?</p>
<p>c) it fills an immediate college funding gap when cash flow is hard right now and is certainly cheaper than raiding 401k.</p>
<p>b + c = no brainer @ 6.8 pct a yr</p>