Not exact matches
For unsecured debts like credit cards and
student loans, the consequences
of default vary in severity
according to the
type of loan.
It is the only
type of consumer debt not decreasing,
according to a study from Experian, which analyzed
student loan trends from 2008 through 2014.
Just as with other
types of student loan collection, there is no time limit on Social Security offsets,
according to a 2005 Supreme Court Case.
The average federal
student loan interest rate for 2017 is 5.38 % for all
types of borrowers, but the interest rate you'll pay will vary
according to the
type of loan.
For example,
according to Nelnet, variable rate federal
student loans currently have interest rates ranging from 2.05 % to 3.80 %, depending on the
type of loan and year
of disbursement.