Normchacho said:
AnthonyW86 said:
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.
|
Meanwhile US federal bonds have interest rates of what? 1%? 1.5%? Damn, what a rip off.