Hello there, I am attending a US military academy and this spring, we have the option of taking a $36,000 "career starter loan" through USAA. And yes, the interest rate is actually .75%. I don't make any payments until I graduate in 2020. It is guaranteed to be paid off in 5 years as they automatically take out ~$600 per month. It is 5 years specifically because that is our minimum service commitment. My plan is to take all $36k and spend no more than $15k on a used car and max out a Roth IRA for one year ($5500 I believe). That leaves $15.5 to do anything else with. What do you think? I have the option to take any amount or none of it as well.
Submitted October 05, 2018 at 08:37AM by a_man_online https://ift.tt/2BXWO2s
