Should I pull out a student loan?

Answers:2   |   LastUpdateAt:2012-09-23 01:51:03  

Question
viren
Asked at 2012-08-30 09:22:05
I am currently a full time student in college and a mother of a 9 month old who resides in Southern California. . I attended college from spring 09. My husband is a part-time student and also to college spring 09 with me. Both were eligible for only $ 1,750 each for the subsidized loan. (If I'm not mistaken your loan when the government pays the interest while I'm in school) This session next fall we will have a hard time making it through financially. My husbands job cut his hours and is very difficult for him to get a second job. I too am looking ... pretty good about my situation that I'm looking at getting a full loan this time. MedlinePlus MedlinePlus I looked on the website says EdFund and my husband and I can get up to 9500 (subsidized, unsubsidized). If we put together our borrowing enough to pay its one of our cars, we still have about 14,000 left to pay. The interest rate for our car is almost 17% due to bad credit. paid $ 400 each month. with the money we have left on the loan that was planning on paying all credit cards. MedlinePlus MedlinePlus I have not done the calculation number number but the interest rate of the loan is much lower and the repayment period is 10 years so that the payment should not exceed $ 200 per month for both. MedlinePlus MedlinePlus is removing my my student loan payments help us in the long run? I know for a fact that we can pay our car and all credit cards you have. which is about 500-600 less to pay each month. (I can really use that money to buy my daughter some toys and clothes I havnt been able to buy anything ...) MedlinePlus MedlinePlus Student loan sounds too good to be true for me. Is there something I'm forgetting that should be considered? ? MedlinePlus MedlinePlus I'm working on my associate degree RN and gradually pay it does not sound bad ... MedlinePlus MedlinePlus MedlinePlus any advice or comments? or even the experience?
Answer1Kayden Ryan SmithAnswered at 2012-09-15 02:09:03
Taken into account to apply for the scholarship instead of student loans ? Many people have to struggle to pay back loans due to high interest rate . Some friends of mine in college told me that they have valuable information regarding scholarships from this place . MedlinePlus Good luck
Answer2JdubAnswered at 2012-09-23 01:51:03
more education is always a good thing . I do not see how else would get the $ $ and quitting is not an option . Try to complete the FAFSA as well. Talk to your financial advisor first!
Related Questions
1
  • Answer This Question:Should I pull out a student loan?