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US federally subsidized loans don't accrue interest while you're in college either. And the interest rates are fixed at around 3 to 4%. So I think the US should
by castratikron 8y ago
US federally subsidized loans don't accrue interest while you're in college either. And the interest rates are fixed at around 3 to 4%. So I think the US should strive to move more student loans in this direction. It's pretty obvious that you're probably going to get screwed by any private loan (Sallie Mae).
- bberrry 8y agoWhy don't more people take state subsidized loans then? Seems like a nobrainer.
- castratikron 8y agoThere's a borrowing limit. Something like $7k a year. So if you wanted more people to take these loans the first thing to do would be to raise the limit.
- __derek__ 8y agoMoreover, students are required to demonstrate financial need (in consideration of their family's assets) in order to qualify for subsidized loans.