Interest Rate Increases on Some Federal Student Loans

On July 1, the interest rate on new federal subsidized Stafford Loans for undergraduate students doubled–from 3.4% to 6.8%. This increase brings the interest rate on subsidized Stafford Loans in line with the rate on unsubsidized Stafford Loans, which was already at 6.8%. The rate change is only for new subsidized Stafford Loans taken out… Read More

Overhaul of the Federal Student Loan Program

With the nuances of health care reform getting all the attention, you may be surprised to learn that the recently passed health care legislation—the Patient Protection and Affordable Care Act of 2010, as amended by the Health Care and Education Reconciliation Act of 2010—includes several provisions related to college. The most noteworthy of these provisions… Read More