Interest Rates on Subsidized Stafford Loans to Undergraduate Students
Description:
Beginning July 1, 2012, Subsidized Stafford Loans will be available exclusively to undergraduate students. The federal government "subsidizes" these loans by relieving the borrower of the requirement to pay the interest that accrues while the borrower is in school and during other authorized periods. In the 112th Congress, proposals have been made to reduce the interest rate applicable to Subsidized Stafford Loans that will be made to undergraduate students during AY2012-2013 from 6.8% to 3.4%.…
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Date:
May 4, 2012
Creator:
Smole, David P.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department