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Interest rates vary depending on where your loan comes from. There is a difference between a federal loan and a private loan. The current interest rates for new Federal Stafford Loans in 2013-2014 are 3.86% for undergraduate students and 5.41% for graduate and professional students.
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∙ 10y ago
Wiki User
∙ 12y agoThe current interest rate on direct subsidized federal Stafford loans for undergraduate students is 3.4%. The interest rate for graduate and professional students and on all unsubsidized loans is 6.8%.
Wiki User
∙ 15y agoi kno da answa its bout 4000% times dat 6% shooter
Wiki User
∙ 12y agoThere is no overall average as different financial institutions have different loan options with different types of rates, however generally these vary from as low as 3.5% and as high as 9%.
Wiki User
∙ 12y agoIf you take a student loan out from the United States Government the APR's will be very fair. Currently, the rates are between 4-6%, which is great compared to other loan companies.
Wiki User
∙ 12y agoThere isn't a set interest rate. Call your loan servicer for this information.
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What is the highest interest rate on a Direct Subsidized or unsubsidized loan?
From the first disbursement of the loan
What are fixed rate student loans?
A fixed rate loan, like the Federal Unsubsidized Stafford Loan, are loans whose interest rate stays the same during the entire duration of the loan and during the time of payment.
How can you find the lowest fixed rate for a student loan?
The lowest fixed rate for a student loan would be through the government and their subsidy programs such as their subsidized and unsubsidized loans. The unsibsidized loans provide the entire loan to accumulate no interest until the student has graduated from college providing thousands of dollars that would have been in interest to not occur.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
What is meant when bankers and investors use the words student loan consolidation interest rate?
When bankers and investors use the term "student loan consolidation interest rate," they are referring to the interest rate that borrowers will be charged when they consolidate their student loans. Student loan consolidation allows borrowers to combine multiple loans into a single loan with a new interest rate, typically based on the weighted average of the interest rates of the loans being consolidated.
What is the current rate of student loan interest in the UK?
The student loan interest rate in the UK varies annually. Currently it is 2.75%. If a student who borrows from the Student Loan Company does not pay it back within thirty years then the debt is wiped.
Where can I find a good student loan program where the interest rate isn't too high?
There are student loan programs where the interest rate is reasonable. One of the best programs is the Sallie Mae Student Loan. The sie is www.salliemae.com/.
What are todays most common student consolidation loan rates?
A Direct Consolidation Loan has a fixed interest rate for the life of the loan. The fixed rate is based on the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of 1% and cannot exceed 8.25%.
How much is Wachovia student loan consolidation interest rate?
A Wachovia student loan consolidation interest rate is is 6.75%. This rate is the base rate set be the US Government sallie mae loans plus wachovias take.
What is considered to be a high interest rate on a student loan?
The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.
What is the low interest student loan consolidation?
Low interest rate student loan consolidation is when a company takes 2 or more student loans that an individual may have acquired and combines them into one lump sum with a single payment at a lower interest rate.
