stafford loans

Rates on Stafford, PLUS loans for college students are falling

USATODAY.com Money - Block  Mon, 06/15/2009 - 18:54

Everybody loves a bargain. That's why some folks will travel 10 miles to save 50 cents on a gallon of milk. But if you need to borrow money for college, you don't have to drive across town to get a good deal on student loans.

Starting next month, the cost of borrowing from the federal government using Stafford loans will drop for thousands of college students.


 

Consolidating student loans at lower rate is tougher, but it can...

USATODAY.com Money - Block  Mon, 04/28/2008 - 19:11

In late 2005, though, Congress set a fixed rate of 6.8% for Stafford loans, the most popular kind of federal student loans.

If you have federal loans issued after July 1, 2006, consolidating will no longer affect the interest you pay.