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A Case for Multiple Intelligences Based Classroom instruction
Although many high school age students tend to think and learn in nontraditional ways, American schools still base their instruction primarily on the verbal-linguistic and logical-mathematical intelligences. As a result, many students who are not...
The Angry and Sometimes Grumpy Children of the 1950's
A bunch of us in our late 40's and early 50's got together the other night, and after the evening was over I started thinking that many of us born in the 1950's are in a crisis stage. People can't understand why we are so angry and grumpy...
The Importance of Teaching Children to Love Reading
Alot of children today are not developing a love of reading that will help them be successful adults. As parents, our fundamental duty is to prepare our children for adulthood. We give them our love and our time, and by doing this we are...
 
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Why Student Loans Are Better Than Credit Cards

You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options –

  • With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation.

  • With a private loan, the interest rate will be slightly higher than with a federal loan but will still be lower than average. In addition, you will only need to make interest payments until after graduation.

  • With a credit card, on the other hand, the interest rate can be as high as 21%. Interest begins accruing almost immediately, and you need to begin paying off the bill the next month.

This is not to say that credit cards do not have a place in your college life. It is good to have one national card (Visa, MasterCard, Discover) on hand to help you build a positive credit history and to provide security in emergencies. When you decide to apply for a card, compare annual fees, interest rates, and introductory


offers. And to keep yourself out of debt, try to—

  • Pay your balance each month to avoid interest charges

  • Pay your bill on time to avoid late charges

  • Avoid cash advances, which come with large finance charges and interest that begins accruing immediately.

This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more on how Student loans are better than credit cards at http://www.NextStudent.com.

About The Author

My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.

http://www.nextstudent.com/