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Student loan interest rate drop

elkoholicelkoholic Member Posts: 5,130
edited June 2008 in General Discussion
Wells Fargo just adjusted my subsidised student loan rate to 2.5%. At least one ball has bounced my way this month.[:D]

Comments

  • headzilla97headzilla97 Member Posts: 6,445
    edited November -1
    Mine is now 6.8% for grad school
  • Aspen79seAspen79se Member Posts: 4,707
    edited November -1
    quote:Originally posted by headzilla97
    Mine is now 6.8% for grad school


    Same here.
  • elkoholicelkoholic Member Posts: 5,130
    edited November -1
    My grad school loan are 4.25%
  • royc38royc38 Member Posts: 2,235 ✭✭✭
    edited November -1
    It was GWB that signed something into law. I got my notice about three weeks ago from my school. My payments went down. I am not sure what the law was exactly. Does anyone have any more info on this?
  • WarbirdsWarbirds Member Posts: 16,940 ✭✭✭✭
    edited November -1
    I am one of the lucky ones who has let Uncle Sam pay for most of my education, and I have always found a way to cover what they couldn't.


    I don't know how people can do the student loan debt thing and manage a life after college. Some people have six figures worth of debt to land a 50K a year job. It just doesn't add up.
  • Aspen79seAspen79se Member Posts: 4,707
    edited November -1
    quote:Originally posted by Dave W.
    I am one of the lucky ones who has let Uncle Sam pay for most of my education, and I have always found a way to cover what they couldn't.


    I don't know how people can do the student loan debt thing and manage a life after college. Some people have six figures worth of debt to land a 50K a year job. It just doesn't add up.


    I paid for mine every semester but this last one. I decided to bite the bullet and do nothing but school for the last semester and get out of this town. I'll only be 15k in debt.
  • shoff14shoff14 Member Posts: 11,994 ✭✭✭
    edited November -1
    Mine went down also. Currently my federal student loans are at 6.375%.
  • shoff14shoff14 Member Posts: 11,994 ✭✭✭
    edited November -1
    quote:Originally posted by Dave W.



    I don't know how people can do the student loan debt thing and manage a life after college. Some people have six figures worth of debt to land a 50K a year job. It just doesn't add up.


    The 50K a year jobs aren't the people you worry about, a 50K a year job quickly becomes 60-70 in a year or two. Its the people with a B of A degree that can't find a job for 6 months and then when they do get a job its paying 30K a year.

    You can also look at it like this. Yes, you have that debt, however most places work well with student loans in order to get them paid off. Its not like they can take your education away from you and sell it if you default.

    With that said, a college education is a big investment that pays off in high percentages in comparison to just a HS diploma.
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