Read + Write + Report
Home | Start a blog | About Orble | FAQ | Sites | Writers | Advertise | My Orble | Login

College of Cash - finding money for college

College of Cash - July 2007

Bad Student Loan

July 18th 2007 16:24
A second post today because I need to update on a post I wrote awhile ago entitled, "A Better Student Loan." I had written that this loan's APR would be less than that of other private student loans. Well, when I went back to check on it for myself some of the numbers seemed different. The Bank of America loan I thought would have only been 6.32%, but now it seems that all the banks are doing LIBOR plus 2.50%. This makes the APR 7.82%. And that is only while you are in college. In repayment the APR jumps even higher, somewhere in the 8-9% range. I can get that just as well from anywhere else.


So my best advice is to use all of your federal loans up, and don't get a private loan. Work your way through school, and you'll be happy you did!
17
Vote
Add To: del.icio.us Digg Furl Spurl.net StumbleUpon Yahoo

   
Subscribe to this blog 


Just this blog This blog and DailyOrble (recommended)

   

   

[ Link ]
Posted By: Ashley - Category: No Category
Related Posts:

Add A Comment

To create a fully formatted comment please click here.


CLICK HERE TO LOGIN | CLICK HERE TO REGISTER

Name or Orble Tag
Home Page (optional)
Comments
Bold Italic Underline Strikethrough Separator Left Center Right Separator Quote Insert Link Insert Email
Notify me of replies
Notify extra people about this comment
Is this a private comment?
List the Email Addresses or Orble Tags of the people you would like to be notified about this comment


One per line max of 30

List the Email Addresses or Orble Tags of the people you would like to be notified about this private comment thread. Only the people in this list will be able to see or reply to your comment.


One per line max of 30

Your Name
(for the email going out to the above list, it can be different to your Orble Tag)
Your Email Address
(optional)
(required for reply notification)
Submit
More Posts
May 2008
19 Posts
April 2008
16 Posts
March 2008
23 Posts
Older Posts
300 Posts dating from February 2007
Email Subscription
Receive e-mail notifications of new posts on this blog:
0
[ View Blog Summary ] [ Create A New Post ] [ Add A Comment ]
Moderated by Ashley
Copyright © 2006 2007 2008 On Topic Media PTY LTD. All Rights Reserved. Design by Vimu.com.
On Topic Media ZPages: Sydney |  Melbourne |  Brisbane |  London |  Birmingham |  Leeds     [ Advertise ] [ Contact Us ] [ Privacy Policy ]