Beginning July 1, 2012, the fixed interest rates on Subsidized Stafford Loans will double from 3.4% to 6.8%. This affects only those who will be incurring new loans. Students who currently have Subsidized loans will not be affected. For example, if you have a subsidized Direct Stafford Loan today at a fixed interest rate of 3.4%, your interest rate will NOT increase to 6.8% in July.
For more information on student loans or general finance, feel free to set up a one-to-one meeting with a Peer Financial Counselor in Carrington Hall, Room 419.