Originally Posted by
KirillTheThrill
I went through school from 2011-2015. I had the complete opposite scenario. Private loans variable were 3.15% fixed was 5%. You can switch your loans over to fixed if the variable rate increases past the fixed. So the fixed rate is a suckers rate. Federal loans were 7-8%.
Yea and after the recession there was a different story on interest rates. But the rest I said about the protections and benefits afforded federal loans still stands.