NicoleS
Posted : 12/2/2011 8:56:44 AM
Jewlieee
I can't believe the student loans went up to 6%. I got out right before that hike so mine are at 3%. I want to fast pay off those stinking loans but it makes way more sense to put more money on the higher interest rate stuff, like the house
Mine are at 3% or thereabouts since I graduated the last year they allowed them to remain tied to interest rates as a whole. DH then took 2 more years to finish his undergrad after that, and his first set of loans was the first year they fixed them. Now, unsub loans are still 6.8 but the sub are a bit lower around 4 -- but they limit how much you can take subsidized. It makes me ill to think about and I almost want to do a home equity loan to pay off his loans or something but the fees don't make that very worth while. Essentially we used the car loan, though, to consolidate some of his loans -- instead of putting money down, we financed it all and already paid off one of his stupid loans. Even our mortgage is less than his loans!
Oh, one irony about that whole thing -- the government did that in 2006 or so, to try to limit loan interest increases since the economy was booming and interest was skyrocketing. DH has one personal loan that isn't government backed, and now it's at 3.62 -- half of the governmental ones! Thanks, government, for all your help. Really appreciate it.
Baby Rupert - looooves me those wrinkles! Awwwwww.
Jackie, glad you got your new glasses!