Federal student loan interest rates drop

College students around the nation will get a little break this year when it come to paying tuition.

Federal student loans taken out after July 1st will se a lower interest rate.

Federal loans for undergraduates, graduates and parent loans will see drops from 5% to 8%.

This drop in the interest rates could really help a lot of students afford students loans.

Some say that the national student loan debt is reaching crisis levels.

Louisiana has one of the lowest student debt rates in...

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From: Tim Sproles

Related topics : student loan rates / debt student loan / get student loan

Income Based Repayment on Federal Student Loans

Income Based Repayment Plans allow you to repay what you can afford on your Federal student loans. This is generally 15% of your discretionary income. You pay this amount for 20 or 25 years and then the remaining balance is discharged/cancelled.

Every year you have to produce evidence of your income to ensure you still qualify for the Income Based Repayment Plan.

If you are in default of your federal students loans you must first get out of default before you can get on an IBR plan. For...

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From: Weston Legal, PLLC

Related topics : get student loans out of default / student loan repayment / federal student loan

Federal Home Loan Banks

The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) for home mortgage loans, small business, rural, agricultural, and economic development lending. With their members, the FHLBanks represents the largest collective source of home mortgage and community credit in the United States.

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From: Audiopedia

Related topics : home loan federal bank / home credit loan