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Old May 24th, 2018, 07:59 AM   #1
Senior Member
Join Date: May 2018
Location: usa
Posts: 200
college loans r 7% annual interest rate, = free $

(almost) when you consider that inflation averages 5% per year. Get those loans while you can. That 12k per year, for 4 years, can retire you, if you know what to do with it. Once you have a Bachelor's degree, no more pell grants, so you have to spend half of your loan on the tuition and fees.

You can get 6k per year, for 8 years, half time, if you want to string it out. They will accept 1% per month as a payment. If you owe them 6k, $50 a month is acceptable to them. The interest is killing you if you do it that way,, but if you can't pay more, or have a better use for the money, what do you care? The pell grant will cover your tuition and fees. If it doesn't, then move where it will. Google for some cheap colleges and go there. Online classes are cheap from Cameron University, in Lawton OK.

Last edited by ulald; May 24th, 2018 at 02:53 PM.
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  Defending The Truth Political Forum > Political Issues > Money and Finance > Economics

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