Credit Card vs Plus Loan for College...

So at the end of 6 years interest payments would total about 6*2.9 17.4% for the CC vs. 2*8.5 = 17% for the Plus, essentially breakeven. After this, you are way ahead with the CC. Plus you have the $20 in the bank earning interest. I agree with you.

A risk is the high interest on future advances but you can limit the card to $20k.

Frank

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Should worse come to worse, crdiet car debts are dischargeable, while formal student loans may dog you well into old age.

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.