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SVTPerformance's Chain of Restaurants
Road Side Pub
Student Loans: Who's got em, and who thinks its a bubble
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<blockquote data-quote="black4vcobra" data-source="post: 16074112" data-attributes="member: 82394"><p>Got mine paid off earlier this year. I have a civil engineering degree from a smaller public university. With having a part time job and parents coving some expense, I got out with only $12k in debt in 2008. My interest rate was variable and was as high as 4% when I graduated down to and as low as .1% during the recession so I wasn't in any huge hurry to pay off the debt. My wife went to the local technical college for her degree so that didn't cost her too much so we are free and clear as far as student loan debt. </p><p></p><p>Given that combined student loan debt is now well past a trillion dollars, I can't imagine the federal government coughing up that much money to cover the debt. Also as mentioned before, since the interest rate on government backed loans is over the inflation rate, the government makes money on loans.</p></blockquote><p></p>
[QUOTE="black4vcobra, post: 16074112, member: 82394"] Got mine paid off earlier this year. I have a civil engineering degree from a smaller public university. With having a part time job and parents coving some expense, I got out with only $12k in debt in 2008. My interest rate was variable and was as high as 4% when I graduated down to and as low as .1% during the recession so I wasn't in any huge hurry to pay off the debt. My wife went to the local technical college for her degree so that didn't cost her too much so we are free and clear as far as student loan debt. Given that combined student loan debt is now well past a trillion dollars, I can't imagine the federal government coughing up that much money to cover the debt. Also as mentioned before, since the interest rate on government backed loans is over the inflation rate, the government makes money on loans. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Student Loans: Who's got em, and who thinks its a bubble
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