<p>You can wait, but interest will accrue fairly rapidly. The unsubsidized loans actually accrue while you’re in school, and the Parent Plus loans have even more unfavorable interest conditions than the Stafford loans. To me, that’s horrific but depending on your job it might be bearable. If I were in your shoes, I wouldn’t even consider it; unless you have a fantastic job this will eat up money that you could be spending on an apartment, a used car, a house, etc; taking on a debt like that is like injecting Ebola directly into your eyeballs over the course of 20 years. But that’s just me. You should definitely try and do what you can to renegotiate, or rethink your decision to study Comparative Women’s Lit from the Andes as a major (j/k) 
</p>
<p>
</p>
<p>I would probably go with this one unless Stern is absolutely necessary.</p>