<p>our rate is 1/4 or 1/2 a percentage point lower than it would otherwise be because we are continuing customers - you should get a similar offer next year. :-)</p>
<p>Yep - with the hefty origination fee on the PLUS loan, you save a bundle right off the bat, to say nothing of the differential in interest rates! It’s a good deal, and the prime or LIBOR would have to go up quite a lot to wipe out the advantage - and with the economy in the crapper the prime ain’t goin’ anywhere any time soon.</p>