D
dyk343
I believe my loans are around 7.5% interests rate. And thats through the government take over.
Im hoping for massive inflation when I get out of school!
Im hoping for massive inflation when I get out of school!
You know what really grinds my gears? So many loans have interest rates based on the risk taken on by the lender. Why can't loans for grad students be like that? With a less than 1% default rate it seems like our rates should be great.
But for the lender to not get their money back the entire healthcare system would have to go belly-up. And if that's the case then our biggest lender (the gov) has a lot bigger problem than medical/podiatry/dental student loans
Our loans have to be one of the single safest loans in the country, yet the guy with the insanely high DTI and poor credit can get approved for auto and home loans at comparable rates...
I get what you're saying, don't mind me, I'm just complaining.
You know what really grinds my gears? So many loans have interest rates based on the risk taken on by the lender. Why can't loans for grad students be like that? With a less than 1% default rate it seems like our rates should be great.
In addition to no collateral, I think pooled risk is also a factor. Remember that stafford loans and grad plus loans are not only for MD, DDS, DPM, OD, PharmD, etc. students. You also have your psychology, sociology, biology, undeclared majors to take into account.