<p>I took out the stafford loan 3 of my 4 years, and it looks like the interest rate on my first 2 is 6.8% and the last one its 5.6%. This isn't unbearably high or anything, but for some reason I thought I remembered it being lower when I took them out. I took out the first 2 in 06 and 07. I did some research, and it looks like 6.8% is the standard rate on fixed loans on unsubsidized loans, but the rate is lower on subsidized loans. I thought my loans were subsidized (I certainly would have qualified), but I didn't really pay a lot of attention at the time and just let my mom handle everything. The credit union I used as a lender sold the loan to a government servicer, and they are literally impossible to get ahold of on the phone. I can only stay on hold for so long before hanging up. Maybe they'll be better at responding to emails. If its 6.8% I may try and accelerate payments; I was going to just pay the minimum every month had it been lower.</p>
<p>Is there a question in there?</p>
<p>Heh, I guess maybe just a plea for people to share experiences and advice. What interest rate yours/your kid’s was, did you consolidate, etc.</p>