Hey, God bless the 91 day treasury bill auctioned off in may because that is what student loans are pegged too prior to July 2006. Dropped down to 1.17 with a fixed rate over the T-Bill of 1.7 while in my grace period and 2.3 if you waited until the end of the 6 month grace period. No envy talking. I will admit that I was a bit lucky. Lenders don’t really care what rate I pay because the government is guaranteeing them a rate of around 7%. So you are probably right, your tax dollars go into subsidizing my student loans.
