Average Millionaire’s College GPA is 2.9

What is the interests rate for typical non subsidized student loans?

I had scholarships and federal grants too.

I think it’s 5% now. It’s gonna be different by the time your kids go to college.

So it’s about the same as mortgage rate.

From 5.05 to 7.6% for federal loans:

https://studentaid.ed.gov/sa/types/loans/interest-rates

Private is 4 to 13%

https://www.nerdwallet.com/blog/loans/student-loans/private-student-loans/

I have seen the unsubsidized rate usually float a couple of hundred basis points over prime mortgage. The trick is to get a federal loan while you are a student (doesn’t accrue interest while you are in school) and immediately pay it off or refinance to a lower rate loan of some sort once you graduate

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I think it’s better for the kids to get a loan so she knows the true costs of things. Even if the parents choose to pay it all off after graduation.

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didn’t recall you giving me money.

Another show off like Wu Qi Jun and tomato. You’re forcing my hand :hot_face: to reveal…

Reveal!!! Reveal!!! :rofl:

Maybe Harriet didn’t go to UCB and took money from a private college? USF?

CRX? Like @sfdragonboy.

Damn, what did I miss? She knocked up already? Man, I get really busy for a day and miss out on the juice…