If Higher education is important, shouldn't there be a better finance rate

The US Dept of Ed is the main lender. My used car loan is at 5%. My student loans are at 8%.

So, which do you value more, your education or your car?

Student loans are the cheapest loans offered to students. Try getting a brand new car and see if you can get the same rate. I?ve taken out loans where the interest was around 25%.

I?m considering taking a course or two & I?m curious about other experiences.

There really aren?t a lot of pros ? other than the convenience. On-line universities cost about twice as much as good state universities. Employers will not respect the degree.

It is probably OK to take a few on-line classes at an established (e.g., not For Profit) university. But if you want to get a job, make sure your degree is from a brick & mortar university.

The article below outlines a lot of the problems with on-line universities.

Source: http://www.online-collegesdegrees.com/education/higher-education/if-higher-education-is-important-shouldnt-there-be-a-better-finance-rate-available-for-student-loans/

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