Taking 5gs out GradPlus or my Credit Card

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
bartleby
Posts: 1315
Joined: Thu May 29, 2008 3:23 am

Taking 5gs out GradPlus or my Credit Card

Postby bartleby » Sat Aug 25, 2012 6:37 pm

I wanted to take 5k out from GradPlus so I could live a little easier this semester. Tell me what is wrong with me plan:

GradPlus - 4% initial hit, something like 8% interest starts running

CC - 3% initial "balance transfer," 0% until August 2013

So can't I just take out 5k more next year (from GradPlus or maybe pay it off) to avoid 9% of 5k?

500 is nothing to sneeze out but I'm wondering if there's anything wrong here (besides staying in law school after getting 0 OCI interviews)

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fatduck
Posts: 4186
Joined: Mon Sep 13, 2010 10:16 pm

Re: Taking 5gs out GradPlus or my Credit Card

Postby fatduck » Sat Aug 25, 2012 6:41 pm

(declined)

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JamMasterJ
Posts: 6688
Joined: Sat Jan 29, 2011 7:17 pm

Re: Taking 5gs out GradPlus or my Credit Card

Postby JamMasterJ » Sat Aug 25, 2012 7:02 pm

LRAP?




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