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Apparently the Student Loan Fairy does not fly around and adjust everyone's rates when someone somewhere manages to get a lower rate. Who knew.
I hate when government changes the rules in the middle of the game. I signed up for the same interest rate as other borrowers, not a rate 2-3 times as high.
Apparently not, since you say you are paying more.
Apparently I had first mover disadvantage; the borrowers with the low interest rates borrowed after I did, hence changing the rules in the middle of the game.
I hate when government changes the rules in the middle of the game. I signed up for the same interest rate as other borrowers, not a rate 2-3 times as high.
If you go over the loan documentation that you literally signed up for, I'm sure it specifies the rate in there.
You didn't sign up for a rate 2-3 times higher but you didn't sign up for "the same interest rate as other borrowers" either. You signed up for a rate of 7% fixed, or an adjustable rate that's pegged to another publicly available rate(such as LIBOR).
No one is "changing the rules in the middle of the game." Your complaining is like complaining that a mortgage interest rate isn't the same today as it was 10 years ago. The rules are EXACTLY the same and always have been. You agreed to a rate. You pay the rate. End of story.
If you go over the loan documentation that you literally signed up for, I'm sure it specifies the rate in there.
You didn't sign up for a rate 2-3 times higher but you didn't sign up for "the same interest rate as other borrowers" either. You signed up for a rate of 7% fixed, or an adjustable rate that's pegged to another publicly available rate(such as LIBOR).
No one is "changing the rules in the middle of the game." Your complaining is like complaining that a mortgage interest rate isn't the same today as it was 10 years ago. The rules are EXACTLY the same and always have been. You agreed to a rate. You pay the rate. End of story.
What other people do has no impact on your rate.
So why can't I refi to get the same lower rate they're getting?
Apparently I had first mover disadvantage; the borrowers with the low interest rates borrowed after I did, hence changing the rules in the middle of the game.
The rules weren't changed in the middle of your game. Your rules stayed the same and people playing in another game had a different set of rules.
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