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New Interest Rate this weekend?


buckeyechick1219
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I know the Dept of Ed recalculates the interest rate on student loans every July 1st. Does anybody know what it's going to be this year?

I consolidated my loans in 2005 before the tremendous rate hike, but I had an additional disbursement after I locked the rate on my consolidation loan. My consolidation loan is at 2.8 and the other is at 6.75 or something (I would have to double check.) I didn't want to add the loan with the higher interest rate to my consolidation loan because it would have raised the interest rate on my consolidation loan (which is 10X bigger than the unconsolidated loan.)

I just wonder if rates are going up or down this year.

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