Subsidized Stafford Loans

[Nexx]

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Hey, I don't think this is a duplicate post, so sorry if it is or if the info is buried deep in another post.


Just came across a news feed that Subsidized Stafford Loans are having a drop in interest rates over the next 3 years. As of July 1st 2009 they dropped to 5.6% (from 6.8%) and will drop again in July 2010 and then finally drop to 3.4% by July 2011

Just figured I'd pass on the info 🙂

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

 

[david594]

Interest Rate Reductions

Over a four-year period beginning July 1, 2008, the interest rate on subsidized Stafford Loans made to undergraduate students will be reduced. The applicable interest rates for loans made during this period are as follows:

No love for grad students. We are stuck at 6.8%.

 

[Nexx]

Aww.. I fail at reading comprehension 🙂

Oh well.. good thing I posted it in the prevet forum!