Sunday, October 28, 2012

Update: Stafford loan interest rates

Recently, the "Senator" President Barack Obama's plan to keep interest rates on federal student loans to 3.4 per cent. If both parties are unable to agree on terms by 1 July, the rate will jump 6.8 per cent.

The parties agree that rates should remain at 3.4 per cent, but pay an extension of this proposal would cost $ 6 ??????. So the question is, where will this money?

Democrats are proposing money comes from close medical care gap now can use business partners to save money, while Republicans suggest that eliminating preventive health fund can provide funding.

In 2007, when the interest rates on subsidized Stafford loans is 6.8%, the Senate approved the law temporarily reduced rates to 3.4 per cent in low-and middle-income students. While the expected rates of return to 6.8 per cent on 1 July, President Obama is urging legislators to maintain those rates more affordable for students and their families.

Learn more about Stafford loans so that you can prepare for next semester.

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