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All of the private student loan rates I found (Chase, Charter One, Citizens, and the Sallie Mae back loans) ranged from 2.875 to 3.5%, assuming payments are automatically deducted (a .25%-.5%) discount for that. I have read much of the fine print, but I am wondering if there is something I am missing about the way the interest accrues, or the terms, since on the surface, they seem to be much better than the Parent Plus loan rate
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