EducationGrant.com » student loan interest rates http://www.educationgrant.com EducationGrant.com provides information on financial aid, student loans, grants, and scholarships to help you go back to school Wed, 09 Nov 2011 15:52:46 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Student Loan Interest Rates Update http://www.educationgrant.com/2010/07/01/student-loan-interest-rates-update/ http://www.educationgrant.com/2010/07/01/student-loan-interest-rates-update/#comments Thu, 01 Jul 2010 14:00:14 +0000 Dean http://www.educationgrant.com/?p=3130 It’s July 1, 2010 – if you have student loans then your first payment may be due today!

Here is a reminder of what the current student loan interest rates are:

Undergraduate students

If the first payment of your subsidized loan is between July 1, 2010 and June 30, 2011: the interest rate on your loan is fixed at 4.5%

If the first payment of your subsidized loan is between July 1, 2011 and June 30, 2010: the interest rate on your loan will be fixed at 3.4%

Graduate and professional degree students

The interest rate is fixed at 6.8%

Direct Unsubsidized Loans

The interest rate is fixed at 6.8% for all borrowers – undergraduate and graduate

Don’t forget to pay your loans! Check out What Happens If You Default on Student Loans for the possible consequences.

]]> http://www.educationgrant.com/2010/07/01/student-loan-interest-rates-update/feed/ 0