College Discussion - View Single Post - Unsubsidized Stafford loan vs. home equity line

uml1958 · 03-30-2008, 02:17 PM

My S got $3,500 in unsubsidized Stafford loan with current interest rate of 6.8% from Duke. Should I take home equity line with prime minus 1% (currently around 5-5.5%) instead? Thanks.

03-30-2008, 02:17 PM	#1
uml1958 Junior Member Join Date: Sep 2007 Threads: 63 Posts: 239	Unsubsidized Stafford loan vs. home equity line My S got $3,500 in unsubsidized Stafford loan with current interest rate of 6.8% from Duke. Should I take home equity line with prime minus 1% (currently around 5-5.5%) instead? Thanks.