CPA Study Loans
January 13, 2012 at 4:53 pm #165182
Just curious if there were any type of loans avaialble to CPA students for review course fees and exam fees? I see loan programs for students taking the bar but nothing for the CPA.
ThanksJanuary 13, 2012 at 4:56 pm #320890
Jeff – another71.comKeymaster
Do you have a credit card?January 13, 2012 at 5:00 pm #320891
Yes I have a credit card, but I’m looking for something with a lower interest rate like which is offered on typical student loansJanuary 13, 2012 at 5:01 pm #320892
I think Becker has some program that they use that will pay for your fees for all 4 study courses up front and you pay a monthly amount. The monthly amount starts effective the next month you take out the loan.January 13, 2012 at 5:03 pm #320893
Becker does have that, I have a friend that is doing that. I don’t know if any others do something similar. But I don’t think there is a “CPA loan” of any sorts that I’m aware of.January 13, 2012 at 5:45 pm #320894
I opened up a credit card with 0% interest for 1 year. Once the year is up, I transfer to another 0% interest card. I don’t think I’ve ever paid interest on credit cards.January 13, 2012 at 6:08 pm #320895
You can buy used Yaeger DVDs/USB on Ebay for a reasonable price. I did that for FAR and BEC and then realized I could just use the test bank and book after I passed REG doing only that. I bought the online test bank for a good price when Jeff had a 48% off sale and you can find cheap Wiley books on half.com. I haven’t spent very much at all so far. Thankfully!January 13, 2012 at 6:44 pm #320896
@peanut, you’re not worried about how opening up all those credit cards affects your credit score??January 13, 2012 at 6:50 pm #320897January 13, 2012 at 7:03 pm #320898
No I’m not worried. I have extremely good credit. I have bank credit cards that my interest is only 7%, I call my bank to lower it and they told me that’s the lowest percentage they even offer. The woman on the phone told me how she’s shocked I have such great credit for someone young. I only have one credit card that has a balance. I keep the ones with 20K + credit limits open in case of emergency, but have slowly closed some minor ones—slowly so that it doesn’t affect my credit. I have no student loans either, so the balance from the CPA exams seem minor to me, compared to most people my age with student loans.
LOL thanks CPATerminatorJanuary 13, 2012 at 7:29 pm #320899
Jeff – another71.comKeymaster
Available credit actually boosts your credit score.
I haven’t owned a credit card in 6 or 7 years … still had good credit when I refi’d my house.January 14, 2012 at 7:32 pm #320900
Take the Becker course. You may qualify for the loan from becker itself ( depending on the time you have finished your college ) or you have an option to get a loan from sallie mae. Go to their website for details on sallie ma loan or go to sallie mae’s website itself…I hope this helps…January 15, 2012 at 3:37 pm #320901
If I were to purchase the Yaeger study materials off of EBAY what features would I be missing out on by not buying directly from Yaeger? I see some listings for the entire course, lectures, books, etc.. but are there any important online features I would not receive other than the hotline to call the teachers?
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