2006-07-14 05:00:21 · 6 answers · asked by maha k 1 in Games & Recreation ➔ Other - Games & Recreation
Take out student loans it'll be cheaper.
2006-07-14 05:03:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Any decent investor who could float that kind of money would charge you more interest then you could get from anything that www.fafsa.ed.gov gave out. The highest you can get through FAFSA is around 8.5%. A decent CD with the amount you want is going to run at 10% interest and carries much less risk then you.
Go with the government loan, get the full amount, and put the extra in a medium risk fund invested in the stockmarket. If, like most good medium risk funds, it average 12% a year, by the time you are ready to retire that amount with be up 7 fold (a one time investment of $1,000 over 40 years - your working lifetime - equals $93,000 at 12%).
Soooo, if you want to be a millionare, or at least pay for someone elses school at some point. Take that extra FAFSA money (about $1000 a year for 4 years) and invest it. By the time you retire that 4 year investment will be worth 1/2 a million dollars. And all from a loan with an interest rate of around 8%.
2006-07-14 12:13:43 · answer #2 · answered by Dr. Brian 6 · 0⤊ 0⤋
Sure, his name is Uncle Sam...Dude, there are ALL kinds of loads, grants and scholarships available, you just have to do some work filing out applications. Go to your school's councilors to find out...
2006-07-14 12:06:06 · answer #3 · answered by chairman_of_the_bored_04 6 · 0⤊ 0⤋
Sure @ 10% interest.
2006-07-14 12:02:36 · answer #4 · answered by Wounded duckmate 6 · 0⤊ 0⤋
You bet. Cash or check?
2006-07-14 12:04:03 · answer #5 · answered by Kryzchek 4 · 0⤊ 0⤋
A bank can.
2006-07-14 12:03:46 · answer #6 · answered by Christina 7 · 0⤊ 0⤋