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hey everyone.. i have a question about dental loans. The school I plan to attend (NOVA in fl) costs about 52-55k per year (lets assume a nice 55k). THe government is giving me about 27k per year.. which means i need about 28k from private lenders. The two lenders which are possible are the Dental Access Loan and Citiassist Dental Loan. The specifics are as follows:
Dental Access Loan
Interest rate: 3 month LIBOR + 2.54% in school and during repayment
fee: 0 at disbursement and an addition 7.5-12.9% at repayment based on credit history (i have good history so prolly around 8)
Citiassist Dental Loan
Interest rate: Prime rate + .25% in school and during repayment
fee: none
ok in general.. the 3month libor + 2.54 is less than the prime + 0.25
BUT will this be less OVERALL including the extra fee involved?
Can someone give me a heads up to what they're using (either of these) because I figure.... no matter what the cost im borrowing..one is definitely better... but i just cant figure out which one. any ideas? please reply asap if possible.. much thanks to all
-marc 😛 ... err.. zurix heh
Dental Access Loan
Interest rate: 3 month LIBOR + 2.54% in school and during repayment
fee: 0 at disbursement and an addition 7.5-12.9% at repayment based on credit history (i have good history so prolly around 8)
Citiassist Dental Loan
Interest rate: Prime rate + .25% in school and during repayment
fee: none
ok in general.. the 3month libor + 2.54 is less than the prime + 0.25
BUT will this be less OVERALL including the extra fee involved?
Can someone give me a heads up to what they're using (either of these) because I figure.... no matter what the cost im borrowing..one is definitely better... but i just cant figure out which one. any ideas? please reply asap if possible.. much thanks to all
-marc 😛 ... err.. zurix heh
