<p>MomCat2;</p>
<p>One other thing…</p>
<p>I ran some numbers and even if PRIME goes to 7.5% in 24 months, it stays there for 10 years, and we take 10 years to pay off the loan, we will have paid 47% less in aggregate interest over that time and our monthly payment during that time would be 29% less.</p>
<p>PRIME would need to go to 14.5% for those 10 years to break even with the Parent Plus loan. We would all have a lot bigger problems if that happens!</p>