As of July 1, for the 2017 - 18 school year, the rates will be 4.45 percent for undergraduate and 6 percent for graduate student loans, compared to rates of 3.76 percent for undergraduate and 5.31
percent for graduate loans in the 2016 - 17 school year.
If you choose to
apply for a graduate loan, be prepared to put aside a considerable amount of money from your income for the next couple of years as you will need it to repay outstanding loans and the new graduate loan installments.
For graduate students looking for private student loans, they must know that College Ave's fixed interest
range for graduate loans is now from 5.46 percent to 11.58 percent, up on both ends from the previous range of 4.70 percent and 10.89 percent.
In 2014 and 2015, she tried to get a federal student loan refinancing bill introduced and passed that would allow borrowers to refinance both their federal and private loans at then - current interest rates, which amounted to around 4.5 percent for undergraduate loans and 6.4
percent for graduate loans.
The bill offers cap provisions (8.25 % for undergraduate loans and 9.5 %
for graduate loans for students) that are meant to keep student loan interest rates from skyrocketing to above 20 %.
Graduate loans are definitely a possibility for those who can not request a student loan anymore but the decision to
apply for a graduate loan has to be much meditated.
This explains why rates for the 2016 - 2017 school year are relatively low at 3.76 % for undergraduate loans and 5.31 %
for graduate loans.
$ 57K was borrowed for my undergraduate loans and $ 40K
for my graduate loans for a total of $ 97K.
S. 2228 — Higher Education Reform and Opportunity Act [Sen. Mike Lee (R - UT)-RSB- would allow states to establish an alternative accreditation system, reduce the myriad student loan programs into one, create one repayment period for undergraduate loans and
another for graduate loans, cap borrowing amounts, eliminate student loan forgiveness, and fine schools with poor student loan repayment rates.
For graduate loans, they add 3.6 percentage points.
But the rates are capped: 8.25 percent is the highest for undergraduate loans, 9.5 percent
for graduate loans and 10.5 percent for PLUS loans.
This explains why rates for the 2016 - 2017 school year are relatively low at 3.76 % for undergraduate loans and 5.31 %
for graduate loans.
Rates on student loans with both variable and fixed interest rates drop down to 2.87 percent for undergrad loans and 5.40 percent
for graduate loans.
Revised Pay - As - You - Earn: 10 % of discretionary income; loan forgiveness occurs after 20 years for undergrad loans, 25 years
for graduate loans.