I applied for a student loan from Sallie Mae for my son to attend a vocational private school to become a pilot. The loan alone is expensive enough. As a cosigner with excellent credit for my son, Sallie Mae charged us last May 2024 an interest rate of 17.99%. Outrageous. I will be looking to refinance. There need to be regulations and interest rate caps for student loans!
No Government loans. Period. It is tax payer loans and the tax payer should not be loaning any monies.