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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 is a prescribed loan?
The prescribed interest rate is set every quarter based on the federal interest rate. A prescribed loan would be the one that would carry the prescribed federal interest rate. The person applying for the loan could have the attribution rules waived.
What is the current federal land bank loan rate?
3%
What is the average rate for a mortgage loan?
The average rate for a mortgage loan would depend on the rates for the day that you are inquiring. Rates may change on a daily basis. Today's average rate is 3.25%.
What is the average interest rate for an equity loan?
The average interest rate for home equity loans is constantly changing. As of June, 2013 the average interest rate was 5.11% for a line of credit and 6.15% for a loan.
How are small business loan rates affected by the Fed discount rate?
All loan rates are effected by the federal rate. if the federal rate increases then all loan rates will do likewise.
What is the average interest rate on a motorcycle loan?
The average interest rate on a motorcycle loan is 100000
Federal PLUS Loan?
The Federal PLUS Loan is a low interest loan that can be obtained either by parents to pay for the post-secondary education of their dependent children or by graduate students to cover the educational expenses associated with obtaining their own graduate or professional degrees. The Federal PLUS Loan is serviced by the U.S. government through the Department of Education and is part of the government's Direct Loan program. Interest rates for the PLUS loans are fixed at 7.9% for the term of the loan with a 4% fee. The cap for PLUS loan amounts is set at the difference between the cost of attendance and the financial aid, including grants and loans.The Advantages and Disadvantages of a Federal PLUS LoanFederal PLUS loans offer various advantages over loan serviced by private lenders. The most significant advantage is that the Federal PLUS loan is fixed at a relatively low interest rate of 7.9% for the life of the term instead of a variable interest rate for private loans. Federal direct loans will also never be sold to or serviced by any other lender, can be consolidated, and do not require a separate application besides the financial aid application submitted to the student's institution. The disadvantage with a Federal PLUS loan is that it does not allow individuals to privately negotiate an interest rate and take advantage of individual credit-worthiness. In addition, Federal PLUS loans do not offer fee subsidies that some private loans do.The Federal PLUS Loan EligibilityIn order to be eligible for a PLUS Loan, the borrower, who may be the student or the parent, must have no adverse credit history and the borrower and the student must be enrolled at least half-time in school. After credit eligibility has been confirmed, borrowers need to complete a PLUS Loan Application and Master Promissory Note. The Master Promissory Note binds the borrow to repay the loan amount and any accrued interest and fees to the U.S. Department of Education. In order to obtain more information, students and their parents may visit the U.S. Department of Education's PLUS website.
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 is a prescribed loan?
The prescribed interest rate is set every quarter based on the federal interest rate. A prescribed loan would be the one that would carry the prescribed federal interest rate. The person applying for the loan could have the attribution rules waived.
What is the current federal land bank loan rate?
3%
What is the average rate for a mortgage loan?
The average rate for a mortgage loan would depend on the rates for the day that you are inquiring. Rates may change on a daily basis. Today's average rate is 3.25%.
What is the average interest rate for an equity loan?
The average interest rate for home equity loans is constantly changing. As of June, 2013 the average interest rate was 5.11% for a line of credit and 6.15% for a loan.
What is the average home mortgage loan rate in WI?
The average mortgage loan rate in Wisconsin is around 4.49%. That is based on a 30 year fixed average. A 15 year fixed home mortgage loan average is around 3.65%.
What is plus mod balance in bank loan?
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
What is the federal Perkins loan?
The federal perkins loan is a student loan offered by the U.S. Department of Education to help American students with their college financing. Those that use the federal perkins loan, will have a 5% interest rate that can be paid over ten years.
Federal Loan Services?
The federal government has several programs administered by the Department of Education aimed at assisting college students and their families with postsecondary education expenses. These include the Stafford Loan, PLUS Loan program for parents and graduate students, and consolidation loan programs that allow students to combine individual loans into a single repayment.About The Stafford Loan ProgramThis loan program is need-based and is offered to all undergraduate and graduate college students regardless of the family's credit standing. The Stafford Loan is awarded based on information submitted in the Free Application for Federal Student Aid. The expected family contribution and other financial aid already awarded is taken into account before a loan amount is awarded. The Stafford Loan carries a low interest rate of 3.4 percent for undergraduate students and a 6.8 percent interest rate for graduate students. No repayment of the loan is required during enrollment in school.Direct PLUS Program For ParentsParents of college students may apply for a Direct PLUS Loan from the federal government. These loans carry an interest rate of 7.9 percent and eligibility depends on several factors including the household income, credit score of the applicant and the amount of other financial aid awarded the family or student. There is a special application form for a parent Direct PLUS Loan and the repayment installments including interest must commence as soon as the student is no longer enrolled.Federal Consolidation Loan ServicesThis program is also a part of the federal PLUS service. Students who have several different loans through the government may be allowed to consolidate them into one repayment package. Stafford Loans and federally guaranteed loans for education are eligible for consolidation. Interest rates for a federal consolidation loan is the average of the loans being combined but may not exceed 8.25 percent.Federal Guaranteed LoansThese loans are not made by the federal government but rather by a banking institution or credit union. The federal government guarantees the loan against default and also sets upper limits to the interest rate. The interest rate for a federally guaranteed Stafford type loan extended by a banking institution is identical to the Direct Stafford Loan program. The upper limit on interest rates for federally guaranteed parent Direct PLUS Loan offered by banks is 8.5 percent.
