| ok merc- this is how the $$ situation lloks to me.. warning my maths sucks so check the numbers.. then again im gujju and generally good with money :P
after your first year the amount becomes 978250 Rs.
second year Rs. 1051618
third year Rs. 1130489
so when u graduate ur debt will be like 11 Lakh 30 thousand ... which isnt THAT bad.
what is strange is the freakin interest rate. 7.5% is quite high for a student. im payin something like 4 %. so what iguess you could do is take out another loan thru a relative or friend in america and refinance your loan- pay them with a loan. then atleast your payin 4% niterest and nnot 7%... then again im not sure if u'll be able to get a loan.
does anyone know whether its possible to pay back a loan thru another loan? i don see any reason why it shouldnt be..
besides all that.,.. i say chuck grad school. its just not worth going into more debt for grad school. plus grad school means u cant work, so ur debt will just multiply. i dont think grad school is *THAT* important... i l know tons of people who have got great jobs straight after undergrad....
well its your decision, just givin my bukllsht advice as usual.. |