ok went through page by page all her loans- she had given me some bad info but this is what it looks like: ~160k in government fixed rate loans with an average of 6.7% ~140k in school sponsored loans at a variable rate that was as low as 6% in 2006-7 and q1 09 was 8.25%, but does not say what that is based off of, going to have to talk to the school later today to figure it out, and these have been digging deeper since she took them out so i'm thinking it will be closer to 180 or 190k when they tell us, they don't tell us accrued interest against us until 3 mo's after she graduates (next spring) now i'm uncertain with all these rates available being libor+6%ish that is just such a crotch punch once libor gets higher when short term rates eventually raise.
Well, if you're really "lucky", she's got one of them auction-rate loans, which is, basically, means you're SOL. I don't think there's a good hedge for those tasty morsels, although LIBOR probably comes closest.