Regarding Student Loans
#1
I'm in a situation now where I will have about half of my last semester of school paid for. The other half I will make up with a small grant and subsidized student loans. This is where it gets interesting, because I can borrow up to about $12,000 this semester, since I was born before Jan. 1, 1980 and I'm independant. Some of this amount is subsidized until graduation, some is not.
It is terribly tempting to go ahead and take another 'extra' couple grand; maybe invest, buy a new computer, clothes or a bike. With interest rates being so low, I'll consolidate all my loans to probably less than 4%, possible 3% after graduation. It almost makes sense to do this. What do you think?
It is terribly tempting to go ahead and take another 'extra' couple grand; maybe invest, buy a new computer, clothes or a bike. With interest rates being so low, I'll consolidate all my loans to probably less than 4%, possible 3% after graduation. It almost makes sense to do this. What do you think?
#6
Hard to say are you sure you're going to have a job to pay it all off? Yes the intrest on the loans right now is good (Thank God I'm going to be in massive amounts of debt because of them myself) but it's still stuff you have to pay back.
Don't buy anything you don't really need.
Don't buy anything you don't really need.
#7
i usually do that every semester with my financial aid and all. since my dad gives me $4000 a year that they dont know about, and since a few extra scholarships end up floating around, i usually have extra money throughout the semester to buy clothes, books, and keep my car running. it's nice, and a good deal since most of them dont have interest rates right now.
i owe $13000 right now, though, which i'll have to pay off once i graduate with my engineering degree
i owe $13000 right now, though, which i'll have to pay off once i graduate with my engineering degree
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