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Normchacho on 07 February 2016
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AnthonyW86 said:
S.T.A.G.E. said:

 This. Student loan debt has surpassed credit card debt already. 

Yeah though it's mostly the interest rates that scared the crap out of me. Between 5%-7%? That's absolutely criminal. Here(the Netherlands) the interest rates you pay on student loans are lower then the rates you get on a savings account, and get adjusted on a regular basis. I used to pay about 1,2% but now that the rate on state bonds that the government have to pay are still at an all time low, and with the ECB printing money, i currently pay 0,05%. And no that's not a typo.

Holly Shit...Are you serious? The current interest rate for "Federally Subsidized Student Loans" (the most common type of financial aid available to students in the U.S.) is 4.29%. Oh, and that doesn't include the 1.073% "Loan Fee",  because I guess we can all go fuck ourselves.



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