I couldn't get grants but i got a loan for 4000 from my bank for it w/5% interest is that decent? Are there other loans better? it wants repayment within 4 years and ill pay interest while i'm in school. i'm 22 married, with my husband we make a total of 30k i think, i also have a car loan atm-12k and its 250 ish a month
2007-08-13 07:29:13 · 4 answers · asked by C.C 2 in Business & Finance ➔ Personal Finance
I would sell car but its either 250 a month for a good running car or i could go buy for like 1-2k one that will require 250 worth of repairs every month lol cars in this area are either crap or expensive
2007-08-13 07:48:20 · update #1
5% is a good rate. Sounds like you are in decent shape.
2007-08-13 07:35:32 · answer #1 · answered by PersonalFreedom 4 · 1⤊ 0⤋
I think you could probably do better than 5% interest on a student loan. But that's probably not bad. It wasn't too long ago that it was down around 2-4% on student loans. Shop around for the best deal you can get. Good luck!
2007-08-13 14:37:24 · answer #2 · answered by ♥ тнє σяιgιиαℓ gιяℓfяι∂αу ♥ 7 · 0⤊ 0⤋
5% is a good rate, you may want to think of selling your car and getting a used one to free up some income. 250 a month even if just in savings adds up
2007-08-13 14:40:30 · answer #3 · answered by Domino 4 · 0⤊ 0⤋
Right now 5% is a good rate. That is a better rate than you could get with a home equity loan.
2007-08-13 14:36:52 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋