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House approves lower rates on student loans

Super Contributor

House approves lower rates on student loans


"A bipartisan bill that would reduce the costs of borrowing for millions of students passed the House on Wednesday and was heading to President Barack Obama for his signature"


"Undergraduates this fall would borrow at a 3.9 percent interest rate for subsidized and unsubsidized loans. Graduate students would have access to loans at 5.4 percent, and parents would borrow at 6.4 percent. The rates would be locked in for that year’s loan, but each year’s loan could be more expensive than the last. Rates would rise as the economy picks up and it becomes more expensive for the government to borrow money."

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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Super Contributor

Re: House approves lower rates on student loans

IMHO that lowers a colleges incetive to lower tuition costs.


My best advice to those thinking about a student loan is to think again.

01/23/2018: FICO 829 EQ 827 TU 831 EX
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