Stafford Loan Changes?
Started by Jlaw
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I can't imagine it would be done retroactively, but I havent researched it that much. Chances are Obama will stop it since its an election year but this increase will probably happen at some point.
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Is there such a thing as a law to prevent usary on student loans?
It's usury, and 6.8% is hardly that.
I have read that should the increase occur, it will not affect rates for graduate/professional students. I also don't think a rate increase will occur because private interest rates would be significantly lower than any increased federal rate, and people could simply choose those.
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