Stafford Loan Interest Rates Lowered | 02.01.11
As I’m sure many of our readers out there know, the interest rate for subsidized undergraduate Stafford Loans has recently lowered for the 2010-2011 year. As of July 1, 2010, the interest rate dropped from 5.6% to 4.5% which was a major step forward for federal loans.
Well, lucky for all the students out there with Stafford loans, because it’s scheduled to happen again. The Subsidized Federal Stafford Loan interest rate for the 2011-2012 academic year is planned to drop to 3.4%, hitting an all-time low!
For more information on student loan interest rates, visit Staffordloan.com where you can also read about loan repayment options.
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Hello,. . Could someone please give me a quick run down of the living expenses for a married couple living in Toronto Canada?. We are looking at renting a house in Pickering and eventually we would like to buy a home as soon as we know how we are financially.. So I’ve composed a list of monthly bills. I just need someone to enter the amounts for me.. . 1. Mortgage Payment or rent, for a reasonably sized 3 bedroom house in a nice safe area such as Pickering. $. . 2. Heating per month. $. . 3. Electricity per month $. . 4. Other utilities, such as phone, internet. etc. $. . 5. Groceries & other essential items $. . 6. Automobile loan, for a reasonably priced car $. . 7. Gas $. . 8. Insurance, if we opt to pay it monthly $. . Is there anything else I’m forgetting? And let’s assume both my husband and I are earning $30,000 per year… how much would we be left with after the taxes have been deducted?. . My husband is a computer engineer, I work as a Veterinary assistant.. . Thanks..
There’s a great website called “Lily’s List” that is a gift registry for student loan holders. It allows members to receive cash gifts directly into their loan account; much more useful than the typical birthday or holiday gift. The site was started by 4 moms concerned about their own children’s increasing loan debt. Its membership is growing and there is potential for revenue sharing among members from advertising dollars. Worth checking out!
Nancy (one of the moms mentioned above)
It is a good news for students then. Student Loans should have low rates!