And that is the problem with debt - and something I wish someone explained to me when I was younger. When you sign papers obligating yourself to a string of debt payments for 5, 10, 20, 30 years or a lifetime, you create this constant drag on your finances that simply will not go away until paid off or you declare bankruptcy. In the case of student loan debt, even bankruptcy isn't always an option.
It is sad that the system works this way. If you think about it, in a just world, it would work the other way - the rich would pay the highest rates and the highest fees, while the poor would be offered all sorts of decent bargains. But alas, the world isn't that way, and probably for very good reasons - we want to encourage thrift and savings and discourage poor financial practices.
But "fair" or not, it is how the world works. You can rail against it, or work with it. I found the latter to be far more profitable in the long run.
UPDATE: I told Mark about this offer, and his reaction was, "Cool, can I do one, too?" Smart man!