Why federal education loan is getting very expensive?

2010-05-23 12:59 am
The interest rate of the federal education loan is extremely high, over 8%. How is it possible to get college education nowadays? I thought Americans are pro-education, so shouldn't the interest rate be lower? At the end, I guess, everything is created for the rich.

回答 (6)

2010-05-23 9:25 am
✔ 最佳答案
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2010-05-23 1:08 am
Everything is created for the loan corporations in this case.
I don't think any federal loans besides PLUS can even get a rate that high though. Most people take out Stafford and Perkins which are in the 5-6ish range currently.
Are you looking at private loan rates? Those can be pretty high- up to a max of 10% in my case but they're only at 5.something currently.
2016-12-15 8:37 am
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2016-10-25 4:04 am
1
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2010-05-23 4:34 pm
Federal loans are NOT at 8%.

Sub Stafford = 5.6

Unsub Stafford = 6.8

PPLUS = 7.9

And those interest rates and fixed, and generally fall every year. Don't whine and post negative comments when you haven't done your research.
2010-05-23 8:43 am
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