I have a 4.5% APR on my loans. Feel like that's really high and has been eating up a good portion of my income. I was curious to know if others on the bowl are paying just as much, higher or lower. What is your interest rate currently? Are there any secret tips you'd share to lower the rate?

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Back in my finance days we used to say that anything under 5% is free money.

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Honestly, 4.5% APR might seem high, but current federal student loan rates are higher, ranging from 6.53% to 9.08% depending on the loan type. For private loans, current variable rates average around 10%, with fixed rates ranging from 3.47% to 17.99%, so your rate is honestly great in my opinion. I'm done paying but I was at about the same as you.

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6.8% 🙃

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Same

Ignore them 😏🫠

Honestly this is currently my method of madness haha. I have income based repayment and I guess I make so little that I don't have a payment but its also still just accruing and that number is definitely going up.

6.75 mixed. Ranges from 4.5-6.85

Mine range from 5.25% to 7.50%

Yeah mine is 6.8

That’s low. Are you paying more than the minimum?

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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Does having student loans impact your ability to get a mortgage?

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If you could go back in time what would you tell yourself before taking out student loans?

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