Addicted to tRACK
Join Date: Sep 2005
Location: Cleveburg, OH
Feedback Score: 0 reviews
I graduated in 2003 from the CGA and got the same loan you're getting offered. I was an idiot and blew my 24K loan on crap I didn't need. I already had a car, and had very little debt - but spent the money on my first bike, clothes, upgrades to my truck, other crap I didn't need. I've been making $415/month payments for the past 3.5 years - and I have nothing to show for it - and it absolutely sucks.
Trust me, the interest rate they give you is great, take the money, put it in a money market and forget about it for the next few years - DON'T TOUCH IT.
Use the money as a downpayment for a house or other financially mature decision. If you blow it like I did, you'll hate yourself everytime the 22nd of the month rolls around and you have to pay out 1/5 of your paycheck to debt.
It is easy to pay off w/ your pay - especially if you live somewhere w/ a good BAH, and don't have anything other than rent to pay. Just don't blow it.
"I don't need no brakes!! I just wire tie my throttle wide open and hit the kill switch to slow down!!!!"
2000 R6 track bitch....FMF exhaust, sharkskins, and Ivans
NESBA "I" #13