Wednesday, May 26, 2010

What will the fixed student loan interest rates go to after July 1st?

Interest rates for any new Federal Stafford loans made after July 1st will will be 6.8% for all borrowers (in-school or otherwise).



If you already have a *variable* rate Federal Stafford loan, your rate on that loan will remain variable and will be expected to increase to 6.54% (for borrowers in school, grace, or deferment) or 7.14% (for borrowers in repayment).



Interest rates for any new Federal PLUS loans made after July 1st will will be 8.5% for all borrowers (in-school or otherwise).



If you already have a *variable* rate Federal PLUS loan, your rate on that loan will remain variable and is expected to increase to 7.94% for all borrowers.



Perkins rates and terms will effectively stay the same (5% fixed rate).



What will the fixed student loan interest rates go to after July 1st?

try to call up or search bank directory for more info u might get wat ur looking or searching for...... :D

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