What should I do about getting a student loan for college?
Which will be cheaper in the long run?
Getting a $ 15,000 loan and use extra to pay interest payments?
Or get a $ 10,000 loan to use only for tuition payment but defer until after I graduate?
loan best answer:
Answer by David L
Get the $ 10,000 loan. Its lower interest and it can be deferred until 6 months after you graduate. Plus, if you can't start making payments when you are scheduled to, it can be deferred again, or you can get a forebearance. many times new grads can't find a job to start paying on their loans. so, they get a forebearance to delay it another 6 months.
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American Savings and Loan IMG_2922
Image by OZinOH
American Savings and Loan Association building, Washington, DC
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