News, Views and Careers for All of Higher Education
Aug. 8, 2006
— Scott Jaschik and Doug Lederman
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” .. charging my son 13% and 11% on two relatively small student loans. I was shocked ..”
Why didn’t you stop him from signing? Did the bank hold a gun to his head and force him to sign? Why didn’t you pay off the loan and charge him lower interest?
Bart J., at 8:25 am EDT on August 9, 2006
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Student loans
A WELL known and FAR flung California Bank was charging my son 13% and 11% on two relatively small student loans. I was shocked and told them so. You can get credit cards with lower interest. He got a good job immediately, for a liberal arts major, graduating cum laude, but could barely feed himself after the payments!
Stan Dundon, at 7:25 pm EDT on August 8, 2006