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<p>That is correct. Unintentional, Discovered the ramifications of the loans in the later part of 2005, last loan taken, and when there were accusations of undisclosed “origination fees” to the colleges.</p>
<p>INtrst Pd to lender 6.8%=DS obligation @2%+TAXPAYR
SUBSIDY=$5,714= $1562+$4152
INtrst Pd to lender 8.5%=DS obligation @2%+TAXPYR SUBSIDY=$21,656=$4,282+$17,374</p>
<p>Taxpayer is subsidizing DS college, “Fed Family Education Loan Progrm (FFELP)” to the the lender, at an estimate of $4152+$17374= $21626, based on current rates and the scheduled payments.</p>
<p>The loans were Unsubsidized Stafford, and the standard PLUS. We were 100% fafsa family, full pay.</p>