I graduated law school in 2007 and my highest interest loan was 8.5% (thanks Bush!). I paid that one off first, then the 6.8% loans, then the private loans and now I'm set to pay back the remaining loans at 3-4% for the next 25 years.
I graduated in 2005 and my interest rate was much, much lower. I was able to consolidate all my loans (including some undergrad I hadn't finished paying on), and I think that consolidation was one thing that lowered the rate. If I remember right, if I paid it on time for a certain amount of time, it also took off a quarter of a percent. I'm just very grateful that my loans are so low interest because I've been out of work a few times since graduating and I would be an absolute mess if the payments were higher.
I was lucky enough to not get any 8.5% loans, but mine range from 6.5-7.8. When I consolidated they all merged into 7.2ish. My bar exam loan is lower than my federal loans. It's ridiculous.
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