Is 6.8% a lot of interest for a school loan? ?

Question

Is 6.8% a lot of interest for a school loan? ?

Answer 1

FLIPPIN ECK!!!!  It is in comparison to English student loan interest - here I think I pay under 3% maybe about 2.8%

Answer 2

Unsure on this and to me on the fence is college worth it in the end.  Whenever you go because do you really need it in the end.

Answer 3

Actually, it's a pretty good rate.  Compare it to consumer credit interest rates, for example.  If you look on the Market Watch website, and check the daily interest rate section, you'll see that it's about on par with current market rates for commercial loans.

Answer 4

yes.

Answer 5

Yes, and by the time you finish college you will be paying for two degrees, not just the one.  

Answer 6

I would say so, but more importantly, is that a Federally Subsidized Stafford loan?

Before you get any loans, make sure your interest will not accumulate while you're in school.  Check out the Federally Subsidized Stafford loan from The Student Loan People.

http://studentloanpeople.com/

Answer 7

That depends on whether its a Federal or a Private loan.

Answer 8

It's about the going rate for repaying a Stafford loan.  You can get less in some places, more in a lot of others.