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As a data point I'm from Sweden and I have loans of around 300k SEK (34k USD) and my interest rate is 0.13%. Yes the rent is so low you shouldn't ever repay it
by lawn 8y ago
As a data point I'm from Sweden and I have loans of around 300k SEK (34k USD) and my interest rate is 0.13%. Yes the rent is so low you shouldn't ever repay it faster as it's even better to just stick it in a savings account despite the poor interest of 0.7%.
- grecy 8y agoI'm from Australia, my 5-year Software Engineering degree netted me a loan of about $20,000. The loan has no interest, though it is indexed with inflation. If I earn over $54,000 AUD in any year, I will pay a few extra percent in income tax per year until it's paid off. If I never earn over $54,000, or pay it off so slowly it will never actually get finished, then so be it, and that's fine. I think everyone in the Developed would outside the USA sees that when you make things for-profit (Health, Education, etc.) the result it always more profit.