anonymous
17h ago•Edited 16h ago
Private vs Federal loans
Is there ever a situation where it is better to take out private loans than federal? For example the private rate I got for Sallie Mae was 3.5% vs 8% for federal. I’m a little concerned I’m missing thinking about certain cons because all the advice I’m hearing is to avoid private if possible
I’m grateful to be in the position where I have to take out <50k a year