New Student Loan Interest Rate on July 1st On July 1, the interest rate on new federal subsidized Stafford Loans for undergraduate students doubled--from 3.4% to 6.8%. This increase brings the interest rate on subsidized Stafford Loans in line with the rate on unsubsidized Stafford Loans, which was already at 6.8%. The rate change is only for new subsidized Stafford Loans taken out after July 1. This change will impact many of us. Please read the article below and keep this change in mind when thinking about how to pay for college for your children or yourself.
Posted on: Wed, 10 Jul 2013 15:36:45 +0000
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