# Student loan, interest sound high?

**URL:** <https://forums.speedlife.net/t/student-loan-interest-sound-high/31287>\
**Category:** NYSpeed Off Topic\
**Created:** [June 21, 2007, 3:28pm UTC](https://forums.speedlife.net/t/student-loan-interest-sound-high/31287 "2007-06-21T15:28:35Z")\
**Posts on this page:** 1\
**Showing post:** 19

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**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\
**Post date:** [June 22, 2007, 6:38pm UTC](https://forums.speedlife.net/t/student-loan-interest-sound-high/31287/19 "2007-06-22T18:38:20Z")

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apparently I applied for the citiassist loan and that is why I have the high interest rate. This is what happens when a 18 year old high school senior is left to figure out everything about paying for college on his own…

Anyway, my question is, should I take out a federal stafford loan this year and use it to pay off the high interest loan I have?

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