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Student loans aren't good to lump with the others because the interest rates on the government loans can be obscene. I know someone who took out student loans f
by hueving 9y ago
Student loans aren't good to lump with the others because the interest rates on the government loans can be obscene. I know someone who took out student loans from the government during very low interest (2012) and they got 6.8%.
With the expected stock market return below that, it's probably better for most students to just pay off the debt.
- nostrademons 9y agoThat seems really high to me. My student loans (2001-2005) were 4.5%. Has it gone up so much recently? Edit: Just Googled. 4.5% is still a typical range for unsubsidized Stafford undergrad loans. 6.8% sounds like it was either a grad student loan or a parental (PLUS) loan.
- hueving 9y agoYes, it was for grad school loan for a masters program.