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This Happened to me on loans taken out between ‘07 and ‘10. The liquidity crises meant that banks stopped lending to students, and everyone assumed that intere
by lumost 5y ago
This Happened to me on loans taken out between ‘07 and ‘10. The liquidity crises meant that banks stopped lending to students, and everyone assumed that interest rates would rise. I got locked into 7.25-8% fixed on roughly 80k in debt which I paid off over the next 10 years. Unfortunately a bout of unemployment in 2010 prevented me from refinancing.
- selimthegrim 5y agoMe too, I’m still stuck with 10k at (now 10.5%) taken out then