I finally got approved for a loan with Sallie Mae. I went to approve it, and I was planning to pay the interest rate through college. But then I realized my interest rate was 12.375%. Is this a normal interest rate. I keep getting told that it’s very high. What I’ll be paying in interest is more than my loan. I’ve never done this before so I have no clue if this is normal or if I have any other options. I have until the 23rd to figure stuff out. And the only reason I’m posting is because my sisters tuition is about the same as mine yet she’s paying how much I am for 1 year with this loan, for all 4 years.
Submitted August 07, 2020 at 08:45PM by bootie1116 https://ift.tt/31uR2kf
