3 ms·
His first loans were probably 4%. In 2007-8, all loan rates doubled to predatory levels, along side the cost of tuition. He got a doctorate, thats like 8-10 yea
by nononope 8y ago
His first loans were probably 4%. In 2007-8, all loan rates doubled to predatory levels, along side the cost of tuition. He got a doctorate, thats like 8-10 years. Federal loans get cut off at about $27k. So, he likely got private loans with interests rates upward of 8%, loans were purchased by the DOE and he was able to consolidate to a lower rate based on the amount he owed each lender and their respective interest rates. I pay 6.25% because I have autopay and getba discount. Doesn't change the $300/mo interest I accrue monthly.