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September 12, 2005

Where student loans are the most expensive?

Students in New Zealand are paying the most for their loans accumulated during the school years. Once the student enters the loan repayment period, the effective interest rate is whopping 7 percent. Canadian students took the dubious second spot with 6 percent interest rate.

Student loan rates in the USA are around 3.37 percent according to these student debt study, I wonder how that one was calculated. The UK students pay the same.

Australian students pay only 2.4 percent, and the German students pay no interest at 0 percent during the repayment period.

Posted in Student Loans at September 12, 2005 12:31 PM

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