So apparently you have the option of adding onto ur loan, a living expense stipend of $777/month. My first question is does it have to be 777 or can I request less.. Also I have the option of a loan repayment plan of either interest or fixed.. Fixed would be 25/month while attending atp… Interest would be aprox 60$/month… So my other question is could I use some of the $777 stipend to make these monthly loan payments??
When I was in the program I got $900 a month as my living expenses. This is given to you in a check each month and you can use the money as you would like to.
Thanks Tucker, it’s just a bit confusing to me, why use more loan money to pay off loan money… If I get $800 and only use $300 can I just like send the rest back to them?
Grant,
You can certainly request less of a stipend. Furthermore, you can use that money for anything that you want, it is paid directly to you.
Chris
Grant,
You can always pay early on your loans.
Chris
Sounds good Chris thanks