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Student Loan Interest Rate Cut? Any word on this?

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Eurobabe Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-07-07 02:23 PM
Original message
Student Loan Interest Rate Cut? Any word on this?
Anyone seen any specifics on the rate cute? Thanks in advance. I'll be paying my loans until I am freaking 80!!

It's good news for my kids, one is in grad school and she'll owe a whopping 35K when she is out. And that's on the cheap side...
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-07-07 03:40 PM
Response to Original message
1. Only for new loans starting in 07 - I think around 4-5%.
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philosophie_en_rose Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-07-07 03:50 PM
Response to Reply #1
2. Link, please?
I can't stand the new "flat rate" of 8%.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-07-07 03:58 PM
Response to Original message
3. Interest Rates
"Democrats plan to cut student loan interest rates in half, reducing the interest rate on subsidized student loans from 6.8 percent to 3.4 percent; to restore an expired tax deduction for families paying college tuition; and to raise the limit on Pell grants from $4,050 a year to $5,100 a year."


http://www.pe.com/business/local/stories/PE_Biz_D_congress10.21122d3.html
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Eurobabe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-08-07 02:33 AM
Response to Reply #3
4. Thanks for that link!
All interesting stuff...
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ellisonz Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-08-07 03:43 AM
Response to Original message
5. It's not as important as Iraq...
Who cares the American middle class is drowning in debt?

:sarcasm:
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