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Variable rate vs. fixed rate for student loan
Posted on 8/4/11 at 11:57 pm
Posted on 8/4/11 at 11:57 pm
I'm getting a student loan and I can either choose a 3.2% variable rate or a 7.5% fixed rate. I'm new to this so I don't know too much about it, just the basics.
I have no idea what I'm going to do after school so it doesn't look like I will be getting a high paying job as soon as I graduate...meaning I'm assuming I will be paying this thing off for practically my entire life. Should I go with the fixed rate since that should be safer in the long run?
I have no idea what I'm going to do after school so it doesn't look like I will be getting a high paying job as soon as I graduate...meaning I'm assuming I will be paying this thing off for practically my entire life. Should I go with the fixed rate since that should be safer in the long run?
Posted on 8/5/11 at 1:18 am to DonChulio
variable
but read the fine print...
but read the fine print...
This post was edited on 8/5/11 at 1:20 am
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