I am getting ready to go back to school. My company will pay me back at the end of the semester, but I don't have $6000 (or whatever it is) laying around to pay for school up front. So for those of you who have been thru a similar arrangement how did you pay for it?
I figure I have 3 or 4 options:
1) Put it on a high credit limit credit card. benifits: get cash back rewards. risks/downside: could be high interest.
2) Federal Loan. benifits: low interest (or maybe no interest) for the short time I have it. If I can get approved for full amount w/ no interest while in school I can buy CDs with my reimbursement money from work. risk/downsides: may not get approved for enough to cover all of school.
3) Private loan. benifits: easy to get. could get a little extra to cover books and a new laptop. risk/downsides: origination fees. higher interest than federal loans.
4) combo of federal and private loans.
I am hoping for option 2 or 4, but I think 3 is better than 1.
anyone else?
thanks.
I figure I have 3 or 4 options:
1) Put it on a high credit limit credit card. benifits: get cash back rewards. risks/downside: could be high interest.
2) Federal Loan. benifits: low interest (or maybe no interest) for the short time I have it. If I can get approved for full amount w/ no interest while in school I can buy CDs with my reimbursement money from work. risk/downsides: may not get approved for enough to cover all of school.
3) Private loan. benifits: easy to get. could get a little extra to cover books and a new laptop. risk/downsides: origination fees. higher interest than federal loans.
4) combo of federal and private loans.
I am hoping for option 2 or 4, but I think 3 is better than 1.
anyone else?
thanks.
