5 ms·

15% on student debt? Jesus christ - it's more expensive than unsecured lending / credit card debt

• cimmanom 7y ago
  Credit card interest rates can easily approach 25% for those who don't pay off their balance.
• barry-cotter 7y ago
  Good luck getting a credit card that’s caps repayment at 2.5 times the amount borrowed.
• leetcrew 7y ago
  first, student debt is unsecured lending. second, where are you getting a credit card with less than 15% APR. I want one too.
  • digitaltrees 7y ago
    Student loans can’t be discharged in bankruptcy and are often backed by the government so a default gets paid in full. Basically, effectively secured.
  • ac29 7y ago
    The credit card I have via my credit union has a 13.24% APR. I'm fairly sure that's pretty normal if you have good credit and pay on time - I certainly didn't go out of my way to look for a low interest card.