TLINAU2230
USAFA '24, Psalm 144:1
- Joined
- Jan 9, 2020
- Messages
- 107
Hello folks - generally off-topic to specific academies so I figured I'd ask it here and poll for some wisdom from the crowd.
I'm a USAFA Firstie and have been considering taking out the USAA Career Starter Loan ($36,000 @ 0.75% APR) for two primary reasons. First, I'd like to invest the vast majority in a few different areas (I have received plenty of advice on this from folks here including some great investment classes the academy offers), and second, I was hoping to pay off my fiancée's student loan debt. Basically, she owes around $8,000, which is neither insignificant nor overly vast, but it's sitting at 10% and if it's continued to be paid at the rate she's tackling now it's going to grow by nearly 50%.
On the phone with USAA today I was told the loan cannot be applied to a student loan. I had not heard of that, and I was wondering if any of you have any understanding of why that is, and how they would even be able to tell me the manner in which I apply for the loan (not that I would just go for it if they say I cannot). Finally, I'd love to hear if there is any other general financial investment advice for this situation. Thanks!
I'm a USAFA Firstie and have been considering taking out the USAA Career Starter Loan ($36,000 @ 0.75% APR) for two primary reasons. First, I'd like to invest the vast majority in a few different areas (I have received plenty of advice on this from folks here including some great investment classes the academy offers), and second, I was hoping to pay off my fiancée's student loan debt. Basically, she owes around $8,000, which is neither insignificant nor overly vast, but it's sitting at 10% and if it's continued to be paid at the rate she's tackling now it's going to grow by nearly 50%.
On the phone with USAA today I was told the loan cannot be applied to a student loan. I had not heard of that, and I was wondering if any of you have any understanding of why that is, and how they would even be able to tell me the manner in which I apply for the loan (not that I would just go for it if they say I cannot). Finally, I'd love to hear if there is any other general financial investment advice for this situation. Thanks!