Jump to content

Government Loophole - ***SAVE ON STUDENT LOANS***


samiam1115
 Share

Recommended Posts

Ok…I just found this out…

Apparently when the Higher Education Act was reauthorized earlier this year the government screwed up and set the interest rate on Federal PLUS loans at 8.5%

The government has also set the maximum interest rate for a federal consolidation loan at 8.25%

This means if you already have a PLUS loan or will be borrowing a PLUS loan you can consolidate it (consolidation is free) and – because the maximum rate on a consolidation loan is 8.25% you will automatically reduce you interest rate by 0.25%!!!!!!!!!

I LOVE IT WHEN THE GOV’T SCREWS UP!!!!!!!

Here’s a good place to go for plus loan consolidation.

More Info:

http://www.finaid.org/loans/plusloanrateloophole.phtml

http://forums.kiplinger.com/showthread.php?t=6050

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.