Private College Student Loan

Line of Credit or private Student Loan ? Which is better for college tuition fees?

Between taking personal line of credit or student loan, which is a better option? (I know both are debt instruments) Typically private student loan tend to offer a higher interest rate than personal line of credit. And it is easier to get personal line of credit than a student loan. Are there any catches in both the option? Any do's and don'ts ? Looking for additional inputs on this topic.

Public Comments

  1. my bank said line of credit. that way you can get your good credit score going. also depends on how much $$ you need.
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