Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
4 posts • Page 1 of 1
- Posts: 32
- Joined: Fri Jan 20, 2012 3:16 am
So apparently student loan interest rates may double from 3.4% to 6.8% on July 1st if Congress doesn't act. My question is that as my Unsubsidized Stafford Loan award already lists 6.8% interest, is this just assuming that the rates will indeed rise to 6.8% for next year? Or is this student loan rate debate that has been brewing only matter to undergrad loans or something? Help me understand!
- Posts: 451
- Joined: Tue Mar 23, 2010 1:59 am
Drives me fucking nuts they don't base your interest rate off your risk profile. That's how its SUPPOSED to be done. That way T14 grads aren't paying the same damn interest rate as people at TTT's. In effect, T14 grads are basically subsidizing people at TTT's with uniform interest rates.
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