What’s the present rate of interest for student education loans

What’s the present rate of interest for student education loans

Today the interest rates on government-backed student loans are set to double if Congress does not act. Presently, low- and middle-income pupils usually takes down federal loans—called Stafford Loans—at a rate of 3.4 per cent. Today, under current legislation, this rate increases to 6.8 percent—a price which will make payment on pupil financial obligation even more hard than it’s currently. PLUS loans, that are released to parents and graduate pupils at a consistent level of 7.9 per cent, can be more pricey, too. Continue reading