News for hackers. Stuff that matters.

A comment on Giving Up Paying Off $186,000 Student Loan Debt. Parent comment

Re:Giving Up Paying Off $186,000 Student Loan Debt by saalweachter on Wednesday May 29, 2013 @04:48PM (#5788972)
Pay close attention to politics.

The reason your federal loans don't have an ungodly interest rate right now is that as part of the economic stimulus student loan interest rates were lowered. The temporary extensions have kept it down since then, but they could jump back up at almost any moment.

[ Parent | on HN ]
Re:Giving Up Paying Off $186,000 Student Loan Debt by joeblossom on Wednesday May 29, 2013 @04:52PM (#5788996)
That jump is for new loans, fortunately. All previous federal loans are locked in at the rate they were originally signed for.
[ Parent | on HN ]