The interest rate for federal loans is 4.29%. If I were eligible for Private loans though, the interest rate would be lower since I have a good credit score. I will need to weigh my options when deciding between Federal and Private Loans because both have pros and cons. I am glad to be made aware of this information pertaining to student loans since I was uninformed prior to this class. Based on Mike Sullivan’s moto, “Your total student loan debt at graduation should be less than your annual starting salary,” I am unsure if I will be able to pay off my student loans in ten years or less. I believe I will be able to pay them off in that time frame though since salaries increase with more experience. My hope is to pay my loans off as soon as possible by saving so that the interest doesn’t continue accumulating creating an ongoing burden for years to come. From what I was able to find, it appears many graduate student nurses have a difficult time finding jobs right away. This is due to the fact many nurses have worked in their fields for many years and have yet to
The interest rate for federal loans is 4.29%. If I were eligible for Private loans though, the interest rate would be lower since I have a good credit score. I will need to weigh my options when deciding between Federal and Private Loans because both have pros and cons. I am glad to be made aware of this information pertaining to student loans since I was uninformed prior to this class. Based on Mike Sullivan’s moto, “Your total student loan debt at graduation should be less than your annual starting salary,” I am unsure if I will be able to pay off my student loans in ten years or less. I believe I will be able to pay them off in that time frame though since salaries increase with more experience. My hope is to pay my loans off as soon as possible by saving so that the interest doesn’t continue accumulating creating an ongoing burden for years to come. From what I was able to find, it appears many graduate student nurses have a difficult time finding jobs right away. This is due to the fact many nurses have worked in their fields for many years and have yet to