Firstie loans

From USAFA Folklore

Banks generally give firsties very good deals on car loans, given that they have a guaranteed income for the five years after graduation, and are generally very low risk. In some years, firsties were prohibited from doing anything with the loan except purchase a car, under penalty of a major hit. After (19??) this restriction was lifted.

[edit] Firstie loans throughout history

Class Year	Loan Amount	Interest Rate
Class of 1961	$6000 (avg)	0%
Class of 1969	$3000(?)	1.5%
Class of 197?	$3500 (?)	3.5%
Class of 1978	$7700?	3.5%
Class of 1989	$10,000
Class of 1992	$12,000	3.2%
Class of 1996	$15,000	2.5%
Class of 2005	$30,000	1.5%