The bill also would reduce the amount of forms that military borrowers have to handle to receive a 6 percent interest rate cap on their student loans while they are on active duty. (usstudentloancenter.org)
If the LIBOR increases dramatically to a rate such as 15 percent, Education Loan Finance actually puts a 9.95 percent interest rate cap on the interest rate that you will be charged for 5, 7, 10, 15, or 20 - year variable rate loan terms. (elfi.com)
Online firms aren't subject to rules such as the 25 percent interest rate cap that applies to more conventional New York lenders. (timesunion.com)