Quick hit: College Student Loans and Interest Rates

In the Sunday print edition of the Milwaukee Journal Sentinel there was a quarter page ad from a local bank offering 1.0% APY on a certificate of deposit (I don’t remember the number of months) with a MINIMUM deposit of $50,000. My bank is paying like 0.1% on my passbook account.

Why the flock would student loan interest even be anywhere near 6.8% if the current support expires? Shouldn’t the vast efficient financial market value them closer to the current 3.4% anyway?


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1 thought on “Quick hit: College Student Loans and Interest Rates

  1. My thoughts entirely, Ed. It can only be an attempt to push thinkers into bondage before they enter the workplace.

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