Students borrowing money to pay for school can breathe a little easier after Congress approved lower interest rates for federal student loans taken out after July 1 of this year, but rates on future loans are expected to climb if the economy improves.
The College Cost Reduction and Access Act was passed in 2007 and decreased interest rates on federal subsidized loans to 3.4 percent in 2011. Last year, Congress passed a one-year extension at a reported cost of $6 billion, but on July 1, 2013, rates...Read more:Student Loan Rates Drop
No comments:
Post a Comment