A Reader Asks…

I am talking about private loans.
Say I am getting a $20,000 unverified private loan with an interest rate of prime(7.75). What will this loan be in 1 year with no payments? I am struggling with exactly how to figure this out.
I am looking at putting my federal loans in a high yield savings account as being a nurse they will be paid after a while of working.
I know this question is kind of scattered, but so is my head right now.

A Reader Asks…

I started him a Education 529C but to my understanding he can only use that for college. I would like to have a few more ways to save money for him in case he wants to buy a home or start a business instead of go to college. I don’t make alot of money but I can spare approximately $100-150/ month. I want to start something for him that gives a good return on my investement. Any ideas?

A Reader Asks…

Are property taxes, sales taxes, and state income taxes equitable or inequitable taxes to fund education and what are the social and financial implications of a state lottery?