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Political Discussion
Reply to "involuntary collections of student loans"
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[quote=Anonymous][quote=Anonymous]What is the interest rate on government student loans? Think government borrowing rate is about 4.5%. Is interest on student loans much higher and if so why?[/quote] The problem is government loans for undergrad are so low. $5000 to $7000 a year— which won’t make a dent at UVa/WM/VT Engineering— the instate options for top kids. The balance is made up by private loans, which are predatory AF. [/quote]
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