Quote:
Originally Posted by BaltoAlphaPsi
But most student loans have variable interest rates that change every 6 months... they could go back up to 8. And that sucks :-( I pay 15,000 a semester for 5 years... plus summer classes
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Most people get their loans consolidated after school; usually, after a few years of on-time payments, your interest rate will be lowered. Also, if you agree to do automatic debit, your rate could be lowered as well. My loans--federal and private--were NEVER as high as 8 percent; they hovered somewhere around 2.5-5% before I locked them in.
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