Subsidized Student Loan Detail
Student loans are a concern for college students across the nation. Changes in policies about student loans occur often, but students are usually not aware of them.According to American Student Assistance, nearly 60 percent of students borrow money annually to cover the costs of a college education. Changes such as interest rates and availability of types of loans often effect their financial aid decisions.
During his first term in office, President Barack Obama kept subsidized loans at a low interest rate. He lobbied to extend the 3.4 percent interest rate for subsidized loans last year, as opposed to a much higher 6.8 percent rate, which is the interest rate of unsubsidized loans. However, this extension expires on July 1, 2013, unless Congress and the president renew it again. At that time, interest rates for subsidized loans will jump back up to 6.8 percent for the 2013-2014 school year without further legislation.
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Subsidized Student Loan
Student loans are a concern for college students across the nation. Changes in policies about student loans occur often, but students are usually not aware of them.According to American Student Assistance, nearly 60 percent of students borrow money annually to cover the costs of a college education. Changes such as interest rates and availability of types of loans often effect their financial aid decisions.
During his first term in office, President Barack Obama kept subsidized loans at a low interest rate. He lobbied to extend the 3.4 percent interest rate for subsidized loans last year, as opposed to a much higher 6.8 percent rate, which is the interest rate of unsubsidized loans. However, this extension expires on July 1, 2013, unless Congress and the president renew it again. At that time, interest rates for subsidized loans will jump back up to 6.8 percent for the 2013-2014 school year without further legislation.
Subsidized Student Loan
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