More Than 40% of Student Borrowers Aren’t Making Payments

Re:More Than 40% of Student Borrowers Aren’t Making Payments by Symbiote on Thursday April 07, 2016 @02:29AM (#11445160)

These figures shocked me. I'd assumed when Americans said "federal" loans they had a low interest rate.

My British student loan, from the government, is currently at 0.9%. It's never been more than 5%. I have cash I could use to pay it off, but it earns more interest in a savings account. (And may be useful if I want an extra £12000 towards a house at some point.)

http://www.studentloanrepayment.co.uk/portal/page?_pageid=93...

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Re:More Than 40% of Student Borrowers Aren’t Making Payments by cylinder on Thursday April 07, 2016 @11:06AM (#11447819)

6.8% and 8.4% on my grad loans. I believe they eliminated the 8.4% loans after I graduated. There's even a 4.5% "loan origination fee."

My loan balance was $96k when I graduated 4 years ago. I have not made any real payments on it and the balance is now $125k from interest capitalization.

Note, I went to one of the lowest tuition schools in the nation for my grad program and lived at home with my parents the whole time.

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