stafford rate change; dropped from 3.42% to 3.37%

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pjm

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Today's rate change is out:

http://studentaid.ed.gov/PORTALSWebApp/students/english/interest_rates.jsp

Federal Student Loan Interest Rates Drop for Fourth Straight Year

Interest rates on federal student loans have dropped to 3.37 percent ? the lowest point in nearly 35 years ? saving millions for student loan borrowers.

For borrowers with Stafford Loans issued on or after July 1, 1998, the new interest rate is 3.37 percent, down from 3.42 percent last year. For students who are still in school, within the six-month grace period, or with deferred payment, the interest rate is 2.77 percent. PLUS Loans (loans for parents) are set at a new rate of 4.17 percent.
 
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