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Has anyone else thought about this..
If it's almost impossible to default on student loans and Fed rate is essentially 0, why do they charge graduate students 6.8% on their Stafford Loans? Unlike undergrads who get 3.4% on their loans, we are more likely to have a job out of grad school and can pay back the loans.
Also for comparison, my Scottrade Margin Rate Sheet said that I could borrow from them at 7.8%, while Grad Plus loans are at 7.9%. Basically, I get a better rate if I decided to gamble than on a Grad Plus loan? 😕😕
If it's almost impossible to default on student loans and Fed rate is essentially 0, why do they charge graduate students 6.8% on their Stafford Loans? Unlike undergrads who get 3.4% on their loans, we are more likely to have a job out of grad school and can pay back the loans.
Also for comparison, my Scottrade Margin Rate Sheet said that I could borrow from them at 7.8%, while Grad Plus loans are at 7.9%. Basically, I get a better rate if I decided to gamble than on a Grad Plus loan? 😕😕
