News
Student Rates Hit New Low
By Demetrius Grigolaya | July 26The interest rate for federally regulated student loans is at its lowest level ever, according to education loan providers, and many UNC students could potentially benefit. The 2001-02 rate was fixed at its lowest level since 1965, when the Higher Education Act first introduced education loans, said Jeff Hanson, the director of debt management services at Access Group, Inc. The interest rate is 5.39 percent for a standard Stafford loan for students who are still in school, compared to 7.59 percent just a year ago. "We are in a somewhat unique situation right now," Hanson said.
