personal finance

posted by .

If Bridgette marrow is a sophomore at state college ad is running out of money. wanting to continue her education, Bridget is considering a student loan. Explain her options. How can she best minimize her borrowing costs and maximize her flexibility?

  • personal finance -

    Get a job.

    Many college students around this country have part-time (and a few have full-time) jobs to put themselves through school. Do they also have loans? Sometimes.

  • personal finance -

    PS ... Federal loans (via the FAFSA form) are the ones with the lowest interest rates usually, but there are also student loans and parent loans through many/all banks in the country. There are many differences among these types of loans, though, and all those differences need to be checked out.

    What are the interest rates on each type of loan?
    When does the student need to start paying back the loans?
    When do the parents need to start paying back the loans?

    LOTS of research needs to be done.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. com155

    I need helping pointing out all the verbs and tenses. My education plays (present tense) a very important role in my life. It will be (future tense) a major role in my successful financial planning. I have completed (present perfect …
  2. personal finance

    which of the following is a credit management decision?
  3. Finance

    which of the following items would a personal loan be a better option than a credit card for a college student. A. Car insurance expense B. Tuition and dorm fees C. Trips home for the holidays D. Tickets to sporting events
  4. Macroeconomics

    Which of the following are examples of debt overhang?
  5. math

    Bridget Morrow is a sophomore at State College and is running out of money. Wanting to continue her education, Bridget is considering a student loan. Explain her options. How can she best minimize her borrowing costs and maximize her …
  6. Finance

    You are considering borrowing $150,000 to purchase a new home. a. Calculate the monthly payment needed to amortize an 8 percent fixed-rate 30-year mortgage loan. b. Calculate the monthly amortization payment if the loan in (a) was …
  7. Microeconomics

    A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year has been 6%. The bank has borrowed $1 million at 5%, another $1 million at 6% and another $1 million at 7%. Future borrowing …
  8. Math

    You need $200,000 to buy a new home. The bank offers a choice of a 30-year loan at an APR of 8% or a 15-year loan at 7.5%. Assume the closing costs are the same for both loans. a) Compare the monthly payments for these two loan options. …
  9. FINANCIAL HELP

    hello,,, We offer a variety of loans to individuals (personal loan) and cooperate bodies at an interest rate of 3% per annul.This is to help you meet your financial obligations, especially with the ongoing global financial crisis. …
  10. Finance

    Bridgette's grandparents opened a savings account for her and placed $500 in the account. The account pays 5.5% interest. Bridgette wants to be a singer and she has her heart set on a new karaoke machine. The machine costs $150. How …

More Similar Questions