Student Loan Rates Will Drop 10% This Summer

For example, a college student who borrows $10,000 in federal student loans for the 2018-2019 academic school year would owe $12,757 under a standard 10-year repayment plan and current 5.05% interest rate. Under the new 4.53% interest rate, a college student who borrows $10,000 for the 2019-2020 academic school year would owe $12,454 under a standard 10-year repayment plan.

After you refinance your student loans, you will have one student loan, one monthly payment and a lower interest rate. The lower interest rate is what helps you save money each month. Thisshows you how much money you can save through student loan refinancing.

WHY?

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Drop loans altogether

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Student Loan Rates Will Drop 10% This SummerStudent loan rates are decreasing. Here's what it means for you:
Source: Forbes - 🏆 394. / 53 Read more »

Federal Student Loan Interest Rates Decrease For New Borrowers In 2019 - 2020U.S. Department of Education cuts Federal student loan interest rates for 2019-2020 borrowers by upwards of 10%. It should be between 0.5 and 1.0% across the board. Make the it an APR. and do this for everyone... now.
Source: Forbes - 🏆 394. / 53 Read more »