A delicate situation with many financing options to pay for school. Please some advice:)?
I in school full time, taking Stafford loans to pay for school, and borrowing to pay other living expenses (mortgage, food, etc.) My options are to continue to make these loans or liquidate my 401k I can (with penalties) to pay for these expenses. Another option is to use a credit card low interest offers to pay living expenses. Everyone has a different interest rate – I sure Stafford loans are OK – but the replacement loans come with interest rates more generous. Thank you for your thoughts! It is a difficult question for me to decide.
Do not leave your 401k. that you'll need to retire on. Loan and do not worry about it because as you get a job after graduation, you will pay off very well.
