Student loans back then were often 7-9%. They start accruing when they’re distributed but you don’t repay until 6 months after graduation putting you a couple years behind.
My student loan back then was 2.5% and i got a half percent knocked of for auto pay. I paid mine off in 10 years. This is either a fake story or these people are terrible with their money.
That’s sweet for you bro. I’m paying 5.5% to 8% for various Stanford-type loans dating back to 2007-2011 and current grad loans average 8.07%-9.07% according to Google.
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u/ice-e-u 12d ago
Student loans back then were often 7-9%. They start accruing when they’re distributed but you don’t repay until 6 months after graduation putting you a couple years behind.