Absolute Michigan's Michigan Blog: Federal Student Loan Rates to Increase

Wednesday, February 15, 2006

Federal Student Loan Rates to Increase

The Lansing State Journal reports that instead of current variable rates, students and parent will be paying higher fixed rates of federal student loans. Rates of 6.8% for students and 8.5% for parents would translate into almost $2000 in additional interest costs over the life of a 10-year loan for the typical Michigan State University student.

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# posted by farlane @ 9:47 AM

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