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Stafford Loan Interest Rates Go Down

Federal education loans and grants will become more affordable for students this week. The interest rate for Stafford loans decreased by 0.8 percent from 6.8 percent Tuesday and will decrease during the next four years until it hits 3.4 percent. The decrease is a provision of the College Cost Reduction and Access Act, signed into law by President George Bush in September 2007. Read more…

Publish date: July 2, 2008