Student Loans Interest Rate
private Student Loan Interest Rate?
I have 2 Private Student Loans. The interest rates are 8.24% and 7.92% and the interest rate type is variable. Is that considered a good rate or not? I applied with a cosigner.
That is a good interest rate because for most Private Loans the interest rate runs anywhere from 11% to 15%. The stafford loans are lower rate, subsidized runs 6.0% and the unsubsidized runs 6.8%.
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