Heavy on Student Loans Going to a college or university is one of the biggest decisions you will make in your lifetime. It may determine many things that happen in the span of your life including what kind of job you will get, how good your job salary might be and also how much debt may come along with you college decision. Choosing a college based on the amount of student loan debt you will have may not seem like a big decision, but it is. Student loan debt seems to be increasing and it is important to plan before you choose your university or not you think that the debts will be valid diploma. The cost of college has risen with inflation to ensure that you find useful information on the cost of classes per semester. Current interest rate for subsidized and unsubsidized loans have been granted since July 1998 and June 2006 is 2.48% and repayment is 1.88%, while the school grace period, or termdeferment. If the loan was granted after July 2006 it is a fixed 6.80%. H...