Thursday, July 18, 2013

Sweet Relief

Photo courtesy of 

According to, a group of bipartisan senators reached an agreement late last night regarding the interest rate spike for student loans. 

Here is a breakdown of what they settled on:

  • Rates for Fall 2013
    • Undergraduate- 3.85%
    • Graduate- 5.4%
    • Parents- 6.4%
  • Through 2015 rates will never grow higher than 
    • Undergraduate- 8.25%
    • Graduate- 9.5%
    • Parent- 10.5% 

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