cost of med/whether to pay up front (1 Viewer)

[umfaan]

i'm trying to figure out whether to pay the cost of the course up front or to take the loan

from what i gather med is 8 point something thousand a year and if you pay up front you save 20%??

considering inflation etc wouldn't it be better to pay later?

so confusing

 

[spence]

Inflation shouldn't factor into it because the loans are indexed to the inflation rate

 

[lionking1191]

Inflation shouldn't factor into it because the loans are indexed to the inflation rate

yep.

and simple compound interest tells you that unless you can get loans with annual rates less than 3.6~% deferring is the cheaper option (assuming you pay up immediately at the end of ur 6th year)

 

[umfaan]

yeah i'm just paying up front.

i feel majorly guilty leeching from rents lol. meh

 

[decypher]

If you can afford to you should pay up front to get the discount. Why not get the 20% if you are in a position to do so?