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Monday, January 12, 2009

Generation Y's Student Loans

Today I got a letter in the main stating that my student loans were being altered. Not in a bad way though! My interest rate was reduced! I am so pumped that I'll be paying drastically less for as long as this lasts.

Basically the letter states that I understood my interest rate on my private student loan as well as my federal student loan were variable but had a ceiling. I've been seeing my interest rates move higher as the years progressed. As the interest rates reached their ceiling, I get this letter stating they were dropping over 2 percentage points.

Thanks President Obama. I owe you one. Also, thanks Graduate Leverage. Not sure why you've done this, but keep it coming, PLEASE!

3 comments:

Ilinap said...

My letter must be lost in the mail. I'll be paying Northwestern until I die. And at this rates, these bills are killing me.

JR Moreau said...

Good luck with those Ilinap. I honestly have no idea why they were lowered. I'm happy they were though and I hope it stays that way!

ashley said...

That is completely awesome! :-)