SavingsTalk.com

getnick

Federal Sallie Mae tuition loans have been lowered by up to 1.5% in some accounts.

I would recommend paying off higher credit cards and home loans before making payments that are more than the monthly minimum. Take advantage of the new rate and clear out that higher interest debt while you can.

James

how does that work then? I could go get a tuition loan and pay off a lot of my debts without even going to any college?

getnick

if you had variable loans between certain dates, you are automatically qualified for the lower rate.

if you go to school, get qualified for loans, then pay out of pocket i suppose you could do it.

briansol

you can't take a student loan to pay off debt. lol
student loans are for college only.

getnick

if you get a loan for $5000, and school only cost $3000 the other $2000 is gravy. but it's still a loan.

I had all sorts of money. i had my mgib from the government. student aid, and i took out loans.

James

Well that much I figured, but I can never tell with the way you guys word shit.