Borrowers Consolidate Student Loans at Rates as Low as 3.62%

Courtesy Digg - Business & Finance  Wed, 07/16/2008 - 00:10

Borrowers will now be able to consolidate their variable-rate federal student loans at significantly lower fixed interest rates, thanks to the Fed's flurry of rate cuts over the last year.

Rate cuts made by the Fed largely in response to the subprime mortgage credit crisis added up to a 3-percent drop for student loan borrowers.

Tags:

 

Related items

Number of US troubled banks growing
Aug 26 - 117 American banks are on an updated regulatory watch list as the credit crisis shows no sign of abating.

Treasurys advance on more financial worries
Prices of Treasury bonds advanced Monday as investors sought the safety of government securities amid worries about the credit crisis' impact on the...

David Moenning's Daily State of the Markets: 8/25
White Knight? Here's a link to listen to an Audio Version of the report: The story of the day on Friday was that a white knight in the form of...

Stocks Drop Sharply in Light Trading
Wall Street fell on an otherwise quiet Monday in the financial world as jitters over the credit crisis won out in low-volume trading.

Breaking up big banks questioned as losses mount
America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com