Skip to main content
No. of Recommendations: 0
"Prior to 1996 ? mid '90s definitely), the Stafford Loan rate was 91-day T-bill plus 310 basis points (3.1%). Then, in the later '90's, it got made to 91-day T-bill plus 230 bp. (There was a quarter in 1998 when the rate was a "blended long term rate" plus 100 basis points, but Sallie Mae helped put the kabosh on that.)" - W505a.

W505a, (or anyone) if you have any more info on how student loan interest rates are calculated, would you please reply? Or, if you could point me in the direction of a reference I would appreciate it. Thank you very much!:)


Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.