Education Questions and Answers
Anyone know the current interest rate for a student loan??
Answers:
To answer this question correctly it all depends if you are talking about Federal Student Loans or Private Student Loans.
Right now Federal Stafford Loans are being issued with a fixed interest rate of 6.80%. Federal Perkins Loans are being issued with a fixed interest rate of 5.00%. Direct PLUS Loans are being issued with a fixed interest rate of 7.90%. Federal PLUS Loans are being issued with a fixed interest rate of 8.50%. Graduate PLUS Loans are being issued with a fixed rate of 8.50%.
When dealing with Private Student Loans, those loans are not need based like Federal Student Loans they are credit based, so your interest rate will be determined by what kind of credit you have. Private Loans normally carry with them a higher interest rate than Federal Student Loans also.
If you have Federal Student Loans issued before July 1st, 2006, than those Student Loans would have a variable interest rate; which changes every July 1st. The only loans issued before July 1st, 2006 with a fixed interest rate are the Federal Perkins Loans. For more information on current Federal Student Loan interest rates please visit the source below.
Don't take one of those things out! I don't know anybody who's ever been able to pay those back!
Hello,
I a Mr Terry Ballack.I am a consutant to cole investment company.The leading company in giving out of loans at a very low interest rate of 3%.We give out loans from the range of $3,000 to 10 million dollars.Do you need a loan?Are you financially down?Do you want to pay your bills which is giving you burden?We offfer all kind of loans.If you are interested in our services and you know really inside you that you fall into the category of people who need loan.Contact me today for more information via email at terryballack@myway.com
More Related Questions & Answers...
- Going National Guard, and owe money to University, does the government pay for it?
- Does Mathew Leskos free money really help pay off college debt?
- Are federal student loans credit-based?
- What would be the annual cost( tuition+room) of a state university within Ny State-just an average amount-can?
- Can a Veteran use both GI BILL and the California Education benefits?
- What can you do if you think your school has taken more financial aid money than they should've?
- Where can you find aid for school?
- Do They Have Internships For Teens? If So Can You List Some You Might Know Of Or A Website?
- I got a student loan for 11500 and the lender is saying that I will owe 41,692.57 interest.?
- How much are the ipones going to cost?
