I was chatting with someone who’s choosing between two similar colleges and instead of focusing on the college experience stuff, they’re deep in the weeds comparing loan options, rates, and repayment terms, like spreadsheets and everything. Part of me thinks that’s smart, but part of me wonders if it’s overkill this early when so much can change. If you were deciding, would you lock in on federal loans for simplicity, or actually spend time trying to find better private rates?
Is it dumb to care this much about student loan rates before even committing to a school?
byu/Agitated-Alfalfa9225 inStudentLoans
Posted by Agitated-Alfalfa9225
3 Comments
I get where you’re coming from… like, it seems smart to consider loan stuff early on, right? But honestly, there’s so much that could change in terms of your decisions, plus all the options out there. Maybe just keep it in mind, but also focus on what school feels right for you too… 🤷♂️
Understanding what you are getting into is important. However, in the end if the difference is a few thousand dollars, it isn’t worth the worry.
I totally get what you’re saying… like, it does make sense to think about loans early on, right? But honestly, if it’s just a few thousand bucks difference in the end, is it really worth stressing over all that? Sometimes it feels a bit overwhelming to nitpick every detail before even picking a school!