I need to take out a private student loan and i have the choice between Prime and LIBOR. What should

LIBOR and Prime typically move together, so your decision shouldn't be focused so much on the index but rather on important points like:

* Origination fees and annual fees

* The index (LIBOR/Prime) + margin -- if you assume LIBOR and Prime will move together, you want to look at the absolute coupon rate you will be paying today for your different loan options. Be sure to also look at the APR if there are associated fees...coupon rate can be deceptive if your loan options have different fee structures.

* Depending on the type of loan you'll be taking, if you or your parents own a home, you should also look into Home Equity loans as an alternative.

Good luck!

I need to take out a private student loan and i have the choice between Prime and LIBOR. What should i Do?

Plenty of good advice here.