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New rate schedule follows: First disbursement of a loan: Interest rate on the unpaid balance Made on or after And made before July 1, 2008 July 1, 2009 6.0 percent July 1, 2009 July 1, 2010 5.6 percent July 1, 2010 July 1, 2011 4.5 percent July 1, 2011 July 1, 2012 3.4 percent The above chart is for subsidized loans only; unsubsidized Stafford Loans remain at 6.8%.
Reported in the Memphis Business Journal Tuition and fees at Tennessee colleges and universities will increase 5.85 percent in 2008-09, according to the Tennessee Independent Colleges and Universities Association. For the 2008-09 school year, the average published tuition and fees for undergraduate students attending a TICUA member private four-year institution in Tennessee will be about $18,000 per year. Last year, students attending four-year private institutions in Tennessee paid 28 per
The Univ. of MI is hard up for cash, so they will raise tuition and fees for the fall term by 5.6%. Stay tuned for the latest info on your favorite schools.
Reported by Amy Rolph - Seattle Post-Intelligencer The University of Washington Board of Regents approved two controversial changes for the state's flagship university Thursday -- one that will have some students reaching deeper into their wallets and another that already has divided faculty in science departments. The regents voted to raise tuition 7 percent for most students starting this fall -- an increase of more than $400. They also decided to move forward with the creation of a Coll
Reported by Janet Frankston Lorin - Bloomberg A U.S. program to support college lenders is ensuring that students will get the government-backed financial aid they need for the 2008-2009 academic year, after a seizure in the credit markets threatened the flow of funding. At Michigan State University in East Lansing, 6,042 students have received $26 million in federally guaranteed loans since early May, said Val Meyers, associate director of financial aid, in an interview on June 6. SLM Cor
What most families don’t realize is that the economic stimulus check they may have already received was nothing other than a return of their own money! Depending on how much you actually paid???????? in taxes, you may have or will soon receive a check from Uncle Sam. If you got a refund for 100% of what was withheld, then the stimulus check will actually come from the US treasury. Don’t spend it all in one place, or simply put it into a 529 Savings Plan; you may need it to drive to
On May 7, 2008, President Bush signed into law the Ensuring Continued Access to Student Loans Act of 2008, which was supposed to quell panic in the student loan crisis. However, in reality, it did nothing more than add fuel to an ongoing fire by ensuring that the colleges and lenders will benefit at the expense of students and their families. The new law follows on the heels of the Higher Education Reconciliation Act of 2005 (HERA), and should be re-titled the Ensuring Continued Increases to
