the wo's of money

ok, so rich has btwn $75k and $80k in private school loans...which basically means with those we are totally at the mercy of "the man" when it comes to interest rates because they're variable one currently is at 8.05%, another 8.72%, and the ugliest of them all is 11.7%

can you believe that 11.7%...needless to say that's the loan that we pay extra on each month, that is also the one that i cashed out my ira from before we were married and applied it to that loan...i called the irs question line and they said it qualified as a school expense reason to cash it out...hopefully they weren't lying to me and we won't get screwed on it because that would really suck when it comes to tax time...we need every penny back then that we can get...

i checked into a private school loan consolidation and all we qualified for was like $58K and the fixed loan rate was higher than we're paying now on the 2 lower interest loans...oh how i despise school loans...they're sure great when you need them to pay for school, but a real beast when you need to pay them back LOL