Stafford Unsubsidized Loan

rdhamija1
Fri, 24 Apr 2009 10:23:16 +0000

Hi,

Most fin aids include $5500 Stafford Unsubsidized Loan. Are there any advantages of taking this loan, if you can afford the college without it? I believe interest rate is high for such loan like 8.5%. If you need, isn’t taking some money from home equity line of credit better since that will have interest rate lower than 8.5%

Thanks
Ravi