UnFearful

Hi, i'm currently going through the student loan process and i am curious as to how i should take out the loans. Since BC only shows the first semester bill right now, do i apply for a loan per semester (ending up with 8 loans total by the time i graduate) or do i apply for a loan per year (ending up with 4 loans total by the time i graduate)?

roamingcooks

Assuming you are talking about a Stafford loan, you apply for the full year now and they disburse it to the school in two installments.

UnFearful

Actually i was talking about private loans. Say, for example, if i were to pay for my tuition with only loans, would i take 25k per semester or take out 50k for the whole year?

iMac15

I think this might be a question you don't want to ask here. You should try Boson College FA or Student Services. They specialize in this, or even the bank.

ColdCase

Its typically on an annual basis, you end up with 4 loans.

If you go through one of the alternate loan organizations BC suggests on their financial aid pages, the disbursement and coordination are pretty much taken care of. You go to the alternate loan source, select BC as your school, and ask for the annual amount you want. In your financial aid award notice BC will have a annual cost number, this is the max you can borrow. Once approved, this loan amount will be listed as anticipated adjustments in your bill and you will not be billed for them. You also have the option to designate a co-signer during the process.