FBXL Social

Federally insured loans that have some of the lowest interest rates available aren't usury. They're just a bad idea.

Usury generally refers to high interest, but it appears that the subsidized rate is about 5%. That isn't usury. Right now, it's a negative real interest rate, they're paying you for the privilege of you owing them money.

https://studentaid.gov/understand-aid/types/loans/interest-rates

This is the sauce I found.

Within what period? I didn't see anything to that effect.

I went to school with a combination of several years working a crappy full time job and some conventional loans, so I only know about this stuff second hand.

Why?

And why fuck me? My student loans were that big at one point.