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Federal student loan interest rates are fixed for the life of the loan; however, the rates for new loans will change annually, based on the current market. The interest rates for the 2013–2014 academic year are as follows: 3.86% for undergraduate Stafford Loans (both subsidized and unsubsidized) 5.41% for graduate Stafford Loans [6]
For most Stafford loans made before July 1, 2006: Variable rate applies (changing annually with an 8.25% cap). Stafford loans made beginning July 1, 2006: 6.8%. New subsidized Stafford loans to undergraduates beginning July 1, 2008 (per recent budget reconciliation law): 6.0% for a loan first disbursed between July 1, 2008, and June 30, 2009
They qualify for discharge of Stafford, Perkins, and Federal Family Education Loan Program loans up to $77,500. [ 69 ] Any person employed full-time by a 501(c)(3) non-profit group, or another qualifying public service organization, or serving in a full-time AmeriCorps or Peace Corps position, [ 70 ] qualifies for discharge after 120 qualifying ...
Older student loan names include Perkins, FFEL, and Stafford. Your credit report says so When you check your credit report, it’ll list who the lender of your student loans is.
Federal Stafford Loans (also known as Federal Family Education Loans) are also covered if they’ve been consolidated into a Federal Direct Consolidation Loan. Unfortunately, Direct PLUS loans ...
The rate on subsidized Stafford loans -- the. Getty Images By Susannah Snider Whether you're taking out a federal student loan or entering repayment, get up to speed on these five changes to the ...
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