What is the interest rate on federal student loans?

What is the interest rate on federal student loans?
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1 Answer

Answer :

The current interest rate on direct subsidized federal Stafford loans for undergraduate students is 3.4%. The interest rate for graduate and professional students and on all unsubsidized loans is 6.8%.
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Related questions

Best interest rate for private student loans?

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Last Answer : citibank mine seem to be really low what is your current rate?

Can I re consolidate my student loans now that the interest rate is lower?

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Last Answer : It would be advisable. Speak to a specialist broker.

Personal loans should have a lower interest rate than student loans.?

Description : Personal loans should have a lower interest rate than student loans.?

Last Answer : Personal loans should have a lower interest rate than student loans.

Does it matter which lender I choose for my federal student loans?

Description : Does it matter which lender I choose for my federal student loans?

Last Answer : The differences have to do with the fine points of repayment. Check out this article to see if any of these apply to one or the other. Also, Fifth Third bank has had some problems with government auditors. Good luck, PnL!

Am I eligible for federal student loans if I attend dog grooming school?

Description : Am I eligible for federal student loans if I attend dog grooming school?

Last Answer : Federal Student loans are available only for educational purposes. A dog grooming school would not qualify as such.

Where can I find information about federal student loans?

Description : Where can I find information about federal student loans?

Last Answer : You can find a lot of information about federal student loans online. There are many websites where you will be able to ask further questions and get help from other people.

Repayment of Federal Student Loans?

Description : Repayment of Federal Student Loans?

Last Answer : A majority of college students require some financial aid to attend their school and federal student loans are one option for funding an education. Federal student loans have a set interest rate and ... the time an individual is in school but have lower limits for borrowing than unsubsidized loans.

The difference between federal direct student loans and pell grants.?

Description : The difference between federal direct student loans and pell grants.?

Last Answer : The federal direct loans come directly from the federal government instead of private lenders. I believe loans have to be paid back but most grants do not. you can find more information at federaldirectloans.com

What are the differences between federal student loans and private?

Description : What are the differences between federal student loans and private?

Last Answer : Federal student loans have a feature where you can pay them back after you graduate school and get a job, while private loans make you pay for them while you are going to school, you should try to get a grant first before applying for any loan, because of the interest rates. www.finaid.org

Take Out Subsidized Federal Student Loans?

Description : Take Out Subsidized Federal Student Loans?

Last Answer : When taking out federal student loans, try to take out the maximum amount of subsidized loans possible. Subsidized loans carry a lower interest rate than non-subsidized loans. You can end up saving ... subsidized loans. You should always try to qualify for as much subsidized loan money as possible.

What is the interest like on student loans for people with bad credit?

Description : What is the interest like on student loans for people with bad credit?

Last Answer : There are a number of government loans that are offered with no credit checks. In order to be eligible for these loans, you must fill out the Free Application for Federal Student Aid (FAFSA). The FAFSA ... as well as yourself. If you are independent of your parents, the form will only apply to you.

Know How to Spend Low Interest Student Loans?

Description : Know How to Spend Low Interest Student Loans?

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Description : A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above

Last Answer : B. Convertible Clause Explanation: A provision that can be found on some bonds allowing the bondholder to exchange their debt into common stock.

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Why do we allow the Federal Reserve loan money to commercial banks at almost 0% interest, who then loan the tax payers this money at a much higher interest rate?

Description : Why do we allow the Federal Reserve loan money to commercial banks at almost 0% interest, who then loan the tax payers this money at a much higher interest rate?

Last Answer : If you want to learn more about the Federal Reserve system and how it works, start with Wikipedia and then, for fun, consider asking targeted questions of the conspiracy theorists here on Fluther. ... takes something of yours. Interest happens when you choose to pay for the opportunity to borrow.

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Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Description : If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

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are there federal programs to reimburse teachers for school loans they already paid

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Description : Has the Federal Reserve increased the rates for small business loans, and if so by how much?

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Federal Direct Stafford Loans?

Description : Federal Direct Stafford Loans?

Last Answer : For many students looking to attend a post-secondary institution, the mountainous costs of attendance and tuition can seem to be insurmountable obstacles; however, due to federal and state loan programs, ... should be chosen as a first option if loans are a necessity for paying for college.

Where can I find information about federal loans?

Description : Where can I find information about federal loans?

Last Answer : Students may need assistance with paying for college. Luckily, there are loans available to help them. The website www.nslds.ed.gov is a great website to find information for the loans.

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

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Do I need to pay off both student loans before I can receive FASFA agian?

Description : Do I need to pay off both student loans before I can receive FASFA agian?

Last Answer : Did you look at the FAFSA website?

Can homeless people get student loans?

Description : Can homeless people get student loans?

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How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

Description : How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

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Can you go to jail if you can't pay back loans, such as student loans?

Description : Can you go to jail if you can't pay back loans, such as student loans?

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Can I immigrate to the UK if I owe student loans in the US?

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Have you ever used Sallie Mae for student loans as an undergraduate?

Description : Have you ever used Sallie Mae for student loans as an undergraduate?

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Alternatives to borrowing a couple grand for school (a post-grad program) without going the way of student loans?

Description : Alternatives to borrowing a couple grand for school (a post-grad program) without going the way of student loans?

Last Answer : Will your current employer sponsor you? Some companies and organisations will (though most don’t). You could approach your boss about it, unless you’re undertaking further education to get out of the job!

Is there a student loan insurance market and where can I find detailed data of student loans in the U.S.?

Description : Is there a student loan insurance market and where can I find detailed data of student loans in the U.S.?

Last Answer : I found an article about student loan insurance, but that was all I found. Here is site about federal student loans/financial aid.

How can I help my brother with his student loans?

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Do you regret taking student loans?

Description : Do you regret taking student loans?

Last Answer : Well I don’t regret it yet, but yes, I apparently will. Either way though, it seems that I exist merely to pay for things, so even if I hadn’t got any, I’d still be paying things off everywhere, so what the hell.

What is the best way to go about applying for student loans?

Description : What is the best way to go about applying for student loans?

Last Answer : You need to talk to your student aid counselor at your school.

Does anyone know a good company to consolidate student loans?

Description : Does anyone know a good company to consolidate student loans?

Last Answer : Welcome to the real world! you think it’s bad now . . . wait till you get to form a family with kids. . . . you’ll need all the training and disciplne you can learn at this time. Check out www.SallieMae.com

What's a good way to get student loans organized?

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Last Answer : See if you can get the Federal Student Loan Program to take over your debt.

Can people claim bankruptcy to get out of paying student loans back?

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So I have an idea to start a program for students in debt with student loans, how can I start this?

Description : So I have an idea to start a program for students in debt with student loans, how can I start this?

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Can an unclassifed graduate student get private student loans?

Description : Can an unclassifed graduate student get private student loans?

Last Answer : Sure. I have a friend who took out a $28,000 loan from a bank to complete a post-baccalaureate pre-med program. …but make sure it’s worth it.

Can I "sell" my student loans to another company?

Description : Can I "sell" my student loans to another company?

Last Answer : I'm actually sort of in the same position. From what I've been able to tell, there aren't many, if any loan companies that will consolidate all your loans and put off repayment. You may have to ... so hardly any US lenders wanted to deal with me other than Sallie Mae (but they're super corrupt).

Any advice when looking for student loans/funding?

Description : Any advice when looking for student loans/funding?

Last Answer : Let me warn you now: Don’t be fooled by those fake FAFSA people who charge you to process an application. Applying for FAFSA is free. It is a government program. My dad got tricked into paying for it… I shoulda set it up for him

What banks do student loans directly at banks ?

Description : What banks do student loans directly at banks ?

Last Answer : Navy federal. PNC bank use to but I don’t know if they still do.

Is law school worth $150k in student loans, 3 years' lost wages, and concomitant stress?

Description : Is law school worth $150k in student loans, 3 years' lost wages, and concomitant stress?

Last Answer : Law school does not have to cost that much. My “sister-in-law” just graduated from law school. Considering how much she’s currently earning at her entry-level position, I’d say yes.

What these statements about student loans is not true?

Description : What these statements about student loans is not true?

Last Answer : Need answer