College Loan Rates = Student Loan Slave or Buying a House Someday

What is the current college loan rate?

student loan pig


Your student loan interest rate is the most important factor in making better decisions regarding your financial future.  Rule of thumb, anything above
5% - It's going to hurt pretty bad.

Interest rates for Stafford and Plus loans disbursed after July 1, 2014 will be 0.8 percent higher than the fiscal year 2013.


Stafford Loans: 
  • before July 1, 2014 - 3.86%
  • after   July 1, 2014 - 4.66%

Graduate Stafford Loans:

  •  before July 1, 2014 - 5.41%
  •  after  July 1, 2014 - 6.21%


To compare here are rates from previous years:


Stafford Loans:
(2006,2007) -- 6.80%
(2008,2009) -- 6.0%
(2009,2010) -- 5.6
(2010,2011) -- 4.5%
(2011,2012) -- 3.4%
(2013,2014) -- 5.41%

Plus Loans
(2006,2007) -- 8.50%

Direct Loans(2010-2011) -- 7.9%

Consolidation Loans 8.25%




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