The Change Mariner

Student Loan Interest Rates to Reach Lowest Levels in History

Reuters:

Student Loan Interest Rates to Reach Lowest Levels in History Based on Results of Today's T-bill Auction. Recent Grads Could Lock in Rates Under 3 Percent Through Student Loan Consolidation

Interest rates on federally guaranteed student loans will drop to historic lows this summer, potentially saving both new and current education loan borrowers thousands of dollars in interest over the life of their loans.

For all those parents with kids going off to college in the fall, this is good news.

-Jen