Flynrider
Phoeix,#2
Tue, September 08, 2009
It appears that the essence of your complaint is that interest rates on an unsecured loan are higher this year than they were last year. Time for a reality check. Interest rates on all unsecured loans are higher now. If you've been paying attention to the national news, you'd know that default rates on unsecured debt are soaring. The only way the bank can make up for this is to raise their rates. That's the way the market works.
This is not an "act of disrespect to students". It's simply a cyclic adjustment to current market forces. The idea that you should get a low interest rate because you've always made your payments on time is unrealistic. You are not that special.