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July 15, 2005

Student loan - good deals are still out there

Student loan interest rates went up sharply. While a student attends school the loan rate is 4.7%, when he or she is in repayment period rate will be even higher at 5.3%.
The Federal PLUS loans that parents can take carries interest rate of 6.1%.
Certain state are trying to relieve the higher rate burden. Louisiana has moved fast. According to deridder daily news Louisiana Education Loan Authority drastically reduced fees and interest rates. Some borrowers can have their student loan rates reduced by three percent or even more.

For more information about student loans, students and parents should call the Louisiana Education Loan Authority toll-free at 1-800-228-4755 or visit Lela's website.

Posted in Student Loans at July 15, 2005 11:45 AM

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