Be Imaginative and Sensible About Paying for University
December 29th, 2011
For today’s college student, what with the continually rising tuition costs they can count on at some point applying for federal student loans. Frankly, if you are able to put off that, do so for so long as feasible to keep your debt level as low as you possibly can. Consider a regional college and living at home for the first few years. Utilize online courses, and if you will find discounted weekend, night or summer classes, go for them. I usually took summer courses at my college mainly because they were discounted. And I had the extra benefit of working full time within the fall when employers required workers, rather than competing within the summer against everyone else who was off. But still, federal loans are perfect mainly because the interest rates and payment schedules are well controlled. [Just imagine a credit card company or bank giving you that deal? It would never happen!] I’ve known individuals who just paid off the minimum on their college loans mainly because the rates were cheaper than other loans they had for cars or homes.
Entry Filed under: Finance