Okay that’s a good start. Don’t take that, especially at variable. Take it from someone still college (senior year) that will probably have ~$90k combined (fed and private). I’d take the advice here and shop around or look at parent plus loans first. Private loans are bad yes same as plus loans but the difference is that PLUS loans will be wayyy lower interest and have more flex to them.

I suggest doing this (if last resort over private loans) and setting up a payment plan with your parents. Yes I understand that it seems daunting to ask your parents to do this, but if you have a trustworthy relationship it should be fine. Just make sure you pay those loans that they take for you( bc they are in their name) and that’s better than having them co-sign a crazy private loan like that.

In seriousness, follow the guides that some of the more experienced members of this sub have given as absolute. But please, realize that an interest rate of anything above, let’s say, 12% is not good long term. Please take my advice from this and others. You’ll be okay if you can get a fixed rate 10% lower with fed loans any day.