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Plenty of loans have a fixed interest rate. But you have a point that the loan is supposed to have federal backing/protections would make it harder to justify
by RobertRoberts 6y ago
Plenty of loans have a fixed interest rate.
But you have a point that the loan is supposed to have federal backing/protections would make it harder to justify releasing these loans.
But I would argue that predatory pricing against students would negate that.
- RhysU 6y agoI didn't mean fixed vs variable rate loans. Sorry for being unclear. I meant that Congress sets the allowed Federal student loan rates. https://www.forbes.com/sites/robertfarrington/2020/05/12/2020-2021-federal-student-loan-rates-drop-to-record-lows https://www.forbes.com/sites/robertfarrington/2020/05/12/202...