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Rates dropped July 1 on some student loans

July 6th, 2008 by admin

With the rise and fall of interest rates in recent months, good news has been rare.

A drop in student loan interest and up to 3 percent drop for some student loan holders is a welcome occurrence.

Interest rates of federal Stafford loans, which were dispersed between July 1, 1998, and June 30, 2006, dropped from 7.2 percent to 4.21 percent on July 1. Federal Parent PLUS Loans dispersed during the same time saw a similar drop, resulting in a 5.01 percent rate. Read more
Courtesy: www.clevelandbanner.com

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