Off-Topic: Terminate the Dept. Education
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Name:
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GoneFishin
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Subject:
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Terminate the Dept. Education
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Date:
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4/17/2017 1:27:39 PM
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Compared to credit card interest, the 6.8% seems reasonable. Remember, a mortgage has a property as a lien. A student loan has the student as a lien.
As I understand, the loan for graduate school is unsubsidized and is 3.6 percent above the 10 year Treasury note for graduate students, setting a fixed rate for the life of the loan, and caps rates at 9.5 percent.
Remember 6.8% for an education as Mack says "in many cases not worth the obscene expense nor the damage that Liberal Socialist Brainwashing leaves behind" seems rather low.
You could always gift the difference between the 6.8% and the current 30 year mortgage rate...
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