Student loan?

Paying for College
1

<p>If my family can afford to pay tuition (yay, cheap[er] UC prices), is it better to just pay the tuition upfront? We don’t qualify for any financial aid, but we did get loans. My dad said that if it would make it better, he can pay the tuition money up front, but was wondering if it’s any better to just take out the loan and pay later. Pros/cons to taking loans?</p>

<p>Also, about stafford loan… If I take out $1-2k out per year on stafford loan, would I have to start paying it off (myself) as soon as I leave undergraduate school? Would the repayment time be pushed back if I go to med school? My family doesn’t really believe in taking loans from the government, and would rather “loan” me the money themselves and have me pay them back, but I’m just trying to inform myself of all the options.</p>

<p>Sorry, I’m very new to the financial deal and have to deal with all of it myself so… thanks for all help!</p>

2

<p>If you don’t qualify for any loans then the Stafford loan would probably be unsubsidized which means you’d have to pay the interest in believe. If you have the money, the best thing is always to pay off debt without incurring added interest debt, unless the income you can make with the cash you have to spend exceeds the interest you’ll be paying for the debt. Some schools actually have a reduced cost “pay up front cost” and some even have a pay all 4 years up front cheaper rate.</p>