Tagged with interest rates in our Blog
As our previous blog post stated, even if you are not 18 yet, it is never too early to start building your credit. Having a good credit score is critical in today’s society even as a student. Credit is the final determinant of whether you are approved for a loan, what interest rates you are approved for, and your ability to rent an apartment if you move off campus. One of the easiest ways to start building your credit history is to get a credit card. If you are under 18 then you will need a parent to help you in… Read more here!
When grants and scholarships don't cover the complete cost of college, loans are an obvious must for most students and their families. While borrowing money and taking on debt, here are a few things to consider regarding private loans: Private loans generally have an interest rate based and borrowing terms based on your credit record and current economic climate. If you have a credit score that is less than perfect, you are likely to have a high interest rate. Your rate will also vary based on current prime rates. Over the course of your loan, you are likely to experience… Read more here!