Welcome to dammystiching fashion designer To give you the best is our. �� consign
Sunday, May 15, 2016
Wow!!!This is a good news for all students, College Student Loan Rates Drop To 3.76%
Wow!!!This is a good news for all students, College Student Loan Rates Drop To 3.76%
[ad]The cost to borrow for college just got less expensive, at
least for the next year. The new 2016-2017 rates for
federal student loans go into effect for loans dispersed
between July 1, 2016 and July 1, 2017. The new rates will
allow undergraduates to borrow at a 3.76% interest rate
for subsidized and unsubsidized loans, down from 4.29%
last academic year. Graduate students will be able to
borrow at 5.31 percent, down from 5.84%, and parents
can borrow at 6.31 percent, down from 6.84%.
These rates will be locked in for the 2016-2017 academic
year’s loans, but interest rates are tied to the rate of the
ten-year Treasury note, so as loan rates reset each July,
the cost of borrowing for college could rise each year if
the rate on the ten-year Treasury note rises.
Interest rates will be capped at 8.25 percent for
undergraduates, 9.5% for graduates and 10.5% for parents
(PLUS Loans).
Federal Stafford Loans (Subsidized and Unsubsidized)
The Stafford loan is the most common loan that
students use to pay for college. If the student qualifies
for a subsidized loan, the federal government pays the
interest on the loan while the student is in college –
hence the term “subsidized.” Almost any student can get
an unsubsidized loan, with the difference being that the
student is responsible for paying the interest on the loan
while he is in college, although the interest payments
can be deferred until shortly after the student graduates
or leaves college.
The amount of both types of Stafford loans for
undergraduate students is based on the student’s
standing in college. The maximum loan amount is $5,500
for freshmen, $6,500 for sophomores and $7,500 for
juniors and seniors, with an aggregate maximum loan
amount of $31,000 per student. The new rate for
2016-2017 academic year is 3.76% for both subsidized
and unsubsidized loans, and the cap is 8.25%.
Parent PLUS Loans
This federal loan is offered through colleges to parents
with relatively good credit. The interest rate on this loan
is now 6.30%, and is capped at 10.5%. Repayment begins
shortly after the funds are disbursed. The maximum
PLUS loan amount is the difference between the
college’s cost of attendance and all of the other aid that
your child has been awarded.[ad]
Subscribe to:
Post Comments (Atom)
.
3 In 1 Quality Mens Plain Trousers- Black + Navy Blue + Ash
Chinos in a cotton twill base cloth with button fly. Machine washable. 98% Cotton, 2% Elastane. the best offer @ pocket friendly prices. a m...
-
Phyno has gotten for himself a brand new Rolls Royce Phantom and he is showing it off to his fans. The music star took to his In...
-
ORDER FOR YOUR SHIRT TODAY INFO 09035665218/WHATSAPP AND YOU CAN GET ANY OF YOUR DESIRE CHOICE OF DESIGN
-
World Heavy weight champion Anthony Joshua posted a photo of Eba and okro and Assorted meat on his instagram page with the caption "...
No comments:
Post a Comment