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re: Applying for a private student loan

Posted on 11/20/12 at 10:12 am to
Posted by MSMHater
Houston
Member since Oct 2008
22782 posts
Posted on 11/20/12 at 10:12 am to
quote:

I am fully aware of that disaster, but I'm managing it.


You are not alone, brother....you are not alone!
Posted by nikki6
New Orleans
Member since Jul 2011
1967 posts
Posted on 11/20/12 at 10:40 am to
What is the reason for the high rates when interest rates are so low?

My student loan debt, which was taken out pre-2004, was at a ridiculously low rate of something like 1.3%. It was basically free money as far as I was concerned with a rate that low.

Why they huge increase? Is it Obama?
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