There’s been a lot of back and forth about what’s going to happen to student loans lately. Who will have to pay more and who’ll get a great deal? Find out more.
[Ramen moderator
We want to correct a couple of inaccuracies in the Street article:
“Two years ago, Congress changed the student-loan program from a variable-rate deal based on Treasury bill rates to a fixed rate program at 6.5%.” The rate is actually 6.8%.
“There is some good news for current borrowers. Rates on subsidized Stafford loans taken out after July 1 will carry a fixed rate of only 6% for the life of the loan.” This applies to undergrads only.]