Hey all So my girlfriend is in PA school and needed to take out private loans to cover her remaining tuition costs as well as cost of living expenses during her time in school. She’s almost done and has budgeted extraordinarily well and managed to have enough money left to pay for her last semester without the need to take out extra student loans. However- her private loans carry MASSIVE interest levels, around 11-12% while federal loans are all in the 4-6% range. Today, she got an email stating that she is eligible for an additional $30,000 in federal loans for her last semester. Although she doesn’t need the money (but some would help cover the 6-7 months between graduation and starting her job) she’s wondering if she should take the loans and apply the majority to her private loans to cut down on the balance, since they have double the interest rates of a federal loan. What are your thoughts?