Quote:
Originally Posted by zx10guy
Ha. The rates for current student loans are nothing compared what I had to pay for mine. The cheapest which was only a quarter of the total I had to pay back was 5%. The main loan which was a Stafford was at 8%. And I had to take out a supplemental loan for a small amount at 9%.
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Once I consolidated mine from the mid-late 1980s the rate on the consolidated loan was 9% on the equivalent of around $60K in 2023 dollars. It was tough at first and took 15+ years to payoff, but it worked out because I picked a major that had earnings upside as my career progressed.