A monthly payment on a loan with a fixed interest rate will remain the same, while a monthly payment on a loan with a variable interest rate will fluctuate throughout the loan's lifetime. …
Other factors to consider are if the rate is fixed or variable, if the rate is tied to your credit score, if there is an origination fee, and what the repayment options are. …
Learn how to gather the data, understand financing, why the APR is important, the benefit of a monthly tuition payment plan, and the importance of federal financial aid.
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