Student Loan Interest rates are they "Criminal?"

[Mixedup]

My now "government backed" student loans I consolidated are at 7.9% - been checking around - car loans are < 4% - but NO BODY will work with you on student loans ......

Yes they will change the term - but no relief on rates ......

Why isn't this a News story .... I hear about the pending "bubble" on Student Loans ..... and they wonder why????

I don't understand why Strong scores can't get me lower rates ..... or is this another example of the GOV. sticking it to me?

[BradM]

People pay back student loans?

[scootro]

i've known people use there money for everything but school!!! haha goodluck paying it

[Forever_frost]

Mine is 4.9% variable based on interest rates, but it's private. I also owe 44k because I was REALLY fucked up when I came back and my gf at the time said it'd be a good idea. I have no idea what that money was spent on

[John -- '02 HAWK]

My now "government backed" student loans I consolidated are at 7.9% - been checking around - car loans are < 4% - but NO BODY will work with you on student loans ......

Yes they will change the term - but no relief on rates ......

Why isn't this a News story .... I hear about the pending "bubble" on Student Loans ..... and they wonder why????

I don't understand why Strong scores can't get me lower rates ..... or is this another example of the GOV. sticking it to me?

Car loans are cheaper because it is a _secured_ loan because they can seize they car for no payment.

A personal _unsecured_ loan from wellsfargo for $20,000 with 60 months of repayment will get you a 9.25% and you have to start repaying $417.60 starting the first month. Good luck getting an unsecured loan in this economy as banks have not been giving unsecured loans for a while now.

while the 7.9% loan doesnt require repayment for 4 years. If I also remember correctly the student loan doesnt punish you as long as you are making some sort of payments each month. Try that with a car and again they will seize it

[SMEGMA STENCH]

i've known people use there money for everything but school!!! haha goodluck paying it

problem is they give you more than you need and you cant say no if you want ANY money at all

my student loans are 6.8 percent and last semester i only needed $1270 grand total but i had to take 1700 or nothing . Way it was explaind to me is that s the increments they have take it or leave it

[racrguy]

problem is they give you more than you need and you cant say no if you want ANY money at all

my student loans are 6.8 percent and last semester i only needed $1270 grand total but i had to take 1700 or nothing . Way it was explaind to me is that s the increments they have take it or leave it

And you can't send the overage as a lump payment to principal? Fucking idiot.

[8mpg]

shouldnt have consolidated

[Vertnut]

People pay back student loans?

Unless you want your wages garnered, you'd better. Uncle Barry now has control of ALL student loans. It's no longer a competitive rate, and he WILL get his 7.9%.
There's a reason he is pushing for ALL people to go to college: so everyone will owe the government...double of what should be the going rate. The next thing you know, he'll want vigorish.

[Treasure Chest]

problem is they give you more than you need and you cant say no if you want ANY money at all

my student loans are 6.8 percent and last semester i only needed $1270 grand total but i had to take 1700 or nothing . Way it was explaind to me is that s the increments they have take it or leave it

You could have sent that $430 back. No one twisted your arm to keep and spend it.

[Cooter]

go get a personal loan at less than 7.9% and pay off the student loan...

oh wait

[racrguy]

You could have sent that $430 back. No one twisted your arm to keep and spend it.

Repost!

[ceyko]

Curious on this one, did you sign paperwork that outlined it was 7.9%?

[dblack1]

Isn't the interest deductible?

[slow99]

It's 7.9% fixed. At some point over the term of that loan, 7.9% will seem like it's free.