What is the current interest rate for student loans?
Posted by StudentLoan on February 23rd, 2012 | 3 comments
Please give any web sites where we got your info from or links:)
THANKS!
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Comments
Mine was locked in at 6.7%
link given below for FEDERAL student loan rates: (plus loans are for (grand)parents taking fed loans for the (grand)child, btw).
Current interest rates For Stafford loans first disbursed between July 1, 1998, and June 30, 2006, the interest rate for the period July 1, 2006, through June 30, 2007, is 7.14% for loans in repayment and 6.54% during in-school, grace, and deferment periods. Similarly, for PLUS loans disbursed between July 1, 1998, and June 30, 2006, the interest rate is now 7.94%.
The interest rate for new Stafford loans first disbursed on or after July 1, 2006, is a fixed 6.80%. The interest rate for new PLUS loans is a fixed 7.90%. For Direct consolidation loan interest rates, see that rate page for information
Sallie Mae has an interest rate table at http://www.salliemae.com/get_student_loan/apply_student_loan/interest_rates_fees/ -