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Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Chaucer1343
Posts: 199
Joined: Tue Oct 09, 2012 4:22 pm

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Postby Chaucer1343 » Wed Apr 10, 2013 12:21 am

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Last edited by Chaucer1343 on Sun Oct 04, 2015 12:08 pm, edited 2 times in total.

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rinkrat19
Posts: 13914
Joined: Sat Sep 25, 2010 5:35 am

Re: Loan Interest Rates to Double

Postby rinkrat19 » Wed Apr 10, 2013 12:23 am

Chaucer1343 wrote:Link

"After being reduced from 2008 to 2011 to a record low level of 3.4% interest, the rate on government subsidized Stafford loans is due to double back up to 6.8% on July 1."

We don't get any subsidized loans for law school. All our loans are already at 6.8% (and 7.9%).

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bizzybone1313
Posts: 996
Joined: Wed Jul 11, 2012 4:31 pm

Re: Loan Interest Rates to Double

Postby bizzybone1313 » Wed Apr 10, 2013 12:25 am

Chaucer1343 wrote:Link

"After being reduced from 2008 to 2011 to a record low level of 3.4% interest, the rate on government subsidized Stafford loans is due to double back up to 6.8% on July 1."


Wasn't this just for undergrad loans? Weren't grad. school loans always 6.8%? I don't know, so that is why I am asking.

Chaucer1343
Posts: 199
Joined: Tue Oct 09, 2012 4:22 pm

Re: Loan Interest Rates to Double

Postby Chaucer1343 » Wed Apr 10, 2013 1:36 am

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Last edited by Chaucer1343 on Sun Oct 04, 2015 12:08 pm, edited 1 time in total.

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RELIC
Posts: 216
Joined: Thu Mar 28, 2013 11:00 pm

Re: Loan Interest Rates to Double

Postby RELIC » Wed Apr 10, 2013 1:37 am

rinkrat19 wrote:
Chaucer1343 wrote:Link

"After being reduced from 2008 to 2011 to a record low level of 3.4% interest, the rate on government subsidized Stafford loans is due to double back up to 6.8% on July 1."

We don't get any subsidized loans for law school. All our loans are already at 6.8% (and 7.9%).

Came in here to say this.




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