Should I take a student loan or sell my stocks to finance my education?!
2007-04-08 16:49:43 · 3 answers · asked by Phillip 3 in Education & Reference ➔ Financial Aid
The answer is that it depends on your tax situation. It depends on whether or not the stock has a capital gain or not? Is the capital gain for a stock held over a year or under a year? Do you need more tax deductions or not? The best advice I can give you is talk to your income tax preparer or accountant before taking further action because they can give you the best options on how to pay for graduate school. Good luck!
2007-04-08 17:00:52 · answer #1 · answered by dawncs 7 · 1⤊ 0⤋
Interest rates on new federal stafford loans are currently 6.8 percent fixed. Alternative student loans are even higher. I would make yuor decision based on that. It also depends on how much you are going to need to take out. If you take out $40,000 and go to school for 4 years you will accrue about $10,000 in interest alone, and that is only while you are in school.
2007-04-08 23:59:07 · answer #2 · answered by marebear31485 3 · 0⤊ 0⤋
If you can get a low interest rate student loan, do that. You will never be able to borrow money that cheap again.
2007-04-08 23:54:17 · answer #3 · answered by Doctor J 7 · 0⤊ 0⤋