n618ft

10+ Year Member
Nov 13, 2006
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Medical Student
Ok this might be the only "bright" side I see of this health care bill passing - the student loan reform tacked to it. Aside from the "direct lending" from the government, does anyone know how this bill will actually affect borrowers? Is there an expected interest rate reduction that goes along with it? I remember a few years ago there was a proposed bill that wanted to half the 6.8% rate to 3.4%. Anything like that now?
 

Bacchus

Staff member
Administrator
10+ Year Member
Apr 28, 2007
20,851
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Attending Physician
I think there's forgiveness after 20 years instead of 25.
 

n618ft

10+ Year Member
Nov 13, 2006
776
29
261
Status
Medical Student
I think there's forgiveness after 20 years instead of 25.
Oh come on people there's got to be more than this. The PLUS loans get dropped from 8.5% to 7.8%. What about the other loans like staffords?