Federal Stafford loan vs. Alternative Loan Interest rates??
okay I’m new to student loans, so here goes….
I read everywhere to take the max of federal stafford loans before going to alternative loans due to a lower interest rate.
So tell me which is better
$5000 Unsub. federal loan – fixed interest rate 6.8%
or
$5000 Citiassist loan – Prime +1%. Current prime is 6% – no additional fees
Right now the Federal loan is better by .2%. Plus, it stays the same. The other rate may you down, but it also may go up. I’d stay with Federal.
