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Variable or fixed in this situation? (student loan)
Posted on 5/19/16 at 10:56 am
Posted on 5/19/16 at 10:56 am
both Sallie Mae:
variable: from 2.5% to 7.51%
fixed: from 5.74% - 8.56%
my federal loans are maxed out @ $20,500 per year x 3 years = $61,500
plan to borrow an additional $7,500 this summer and summer of 2018 = $15,000
total = $76,500
plan to pay them off within the first full year after I graduate (end of 2019).
should I just get the fixed and be done with it?
these are graduate school loans so they are even shittier than undergrad
variable: from 2.5% to 7.51%
fixed: from 5.74% - 8.56%
my federal loans are maxed out @ $20,500 per year x 3 years = $61,500
plan to borrow an additional $7,500 this summer and summer of 2018 = $15,000
total = $76,500
plan to pay them off within the first full year after I graduate (end of 2019).
should I just get the fixed and be done with it?
these are graduate school loans so they are even shittier than undergrad
This post was edited on 5/19/16 at 11:12 am
1
Posted on 5/19/16 at 1:17 pm to snake23
quote:
both Sallie Mae:
variable: from 2.5% to 7.51%
fixed: from 5.74% - 8.56%
my federal loans are maxed out @ $20,500 per year x 3 years = $61,500
plan to borrow an additional $7,500 this summer and summer of 2018 = $15,000
total = $76,500
plan to pay them off within the first full year after I graduate (end of 2019).
should I just get the fixed and be done with it?
these are graduate school loans so they are even shittier than undergrad
What job are you getting that will pay 6 figures out of grad school?
Posted on 5/19/16 at 1:34 pm to JamalSanders
Merchant Mariner.
Posted on 5/19/16 at 1:41 pm to snake23
quote:
Merchant Mariner.
You need a 3 year post grad degree for that?
Posted on 5/19/16 at 1:48 pm to JamalSanders
You can do it as an undergrad. I went to LSU from high school so it's quicker to do it as a graduate program. Plus I get a masters degree
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