return2ozma@lemmy.world to News@lemmy.world · 1 year ago62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgexternal-linkmessage-square122fedilinkarrow-up1470cross-posted to: workreform@lemmy.world
arrow-up1470external-link62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square122fedilinkcross-posted to: workreform@lemmy.world
minus-squareKage520@lemmy.worldlinkfedilinkarrow-up3·1 year agoI think those predatory rates are private lenders, but those are still given the same protections to make you pay no matter what as far as I am aware.
minus-squareSl00k@programming.devlinkfedilinkarrow-up2·1 year agoYes my 12% is a federal loan. Not sure on the 16.
minus-squaresingron@lemmy.worldlinkfedilinkarrow-up1·1 year agoYou can look up historical interest rates for federal loans. They have never been that high. https://studentaid.gov/understand-aid/types/loans/interest-rates#older-rates
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I think those predatory rates are private lenders, but those are still given the same protections to make you pay no matter what as far as I am aware.
Yes my 12% is a federal loan. Not sure on the 16.
You can look up historical interest rates for federal loans. They have never been that high. https://studentaid.gov/understand-aid/types/loans/interest-rates#older-rates