<p>We did 1 Discover loan and got that low rate. D’s unsub. Direct student Loan is 6.25% and we have to pay the interest now. However her grant was attached to taking the loan so we did it. She chose a pricey school then transferred to another pricey one and will have a lot of debt. We have a very high EFC (both work FT and have saved and saved, probably dumb) so there is very little free money coming our way.</p>