Student Loan Deadline Question

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BK201
Posts: 32
Joined: Fri Jan 20, 2012 3:16 am

Student Loan Deadline Question

Postby BK201 » Fri Apr 27, 2012 10:23 pm

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!

SpiteFence
Posts: 131
Joined: Mon Nov 01, 2010 12:26 pm

Re: Student Loan Deadline Question

Postby SpiteFence » Fri Apr 27, 2012 10:25 pm

stafford loans to grads are locked at 6.8%.

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BK201
Posts: 32
Joined: Fri Jan 20, 2012 3:16 am

Re: Student Loan Deadline Question

Postby BK201 » Fri Apr 27, 2012 10:29 pm

SpiteFence wrote:stafford loans to grads are locked at 6.8%.


Ok so this whole thing is for undergrads then?

Morgan12Oak
Posts: 451
Joined: Tue Mar 23, 2010 1:59 am

Re: Student Loan Deadline Question

Postby Morgan12Oak » Fri Apr 27, 2012 10:50 pm

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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