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- Jun 23, 2014

 A college education is still the best investment students can make in their future. It is also a critical investment that we can make as a nation. But right now, this important rung on the ladder to opportunity is slipping out of reach for many low- and middle-income families in America.

To view the full article, visit http://www.ed.gov/blog/2014/06/college-value-and-completion-righting-the-balance-on-the-side-of-students/.



- Jun 17, 2014

Interest subsidy during grace period
Subsidized loans first disbursed on or after July 1, 2014, will have the benefit of an interest subsidy during the grace period. The Consolidated Appropriations Act of 2012 suspended the interest subsidy on Direct subsidized loans during the grace period for loans first disbursed on or after July 1, 2012 and before July 1, 2014.

New Direct loan interest rates
Interest rates for Direct loans will increase slightly. For loans first disbursed on or after July 1, 2014, and before July 1, 2015:
 
Direct subsidized loans for undergraduate students 4.66%
Direct unsubsidized loans for undergraduate students 4.66%
Direct unsubsidized loans for graduate/professional students 6.21%
Direct PLUS loans for graduate/professional students and parents     7.21%

Income-Based Repayment (IBR) plan
New borrowers who receive a first disbursement of a Direct loan on or after July 1, 2014, who are eligible for the IBR plan will have a monthly payment that is no more than 10 percent of their discretionary incomes, with a maximum repayment period of 20 years. Borrowers with loans first disbursed prior to July 1, 2014, who are eligible for the IBR plan will have a monthly payment that is no more than 15 percent of their discretionary incomes, with a maximum repayment period of 25 years.

 



- Jun 16, 2014

Life can throw some unexpected curves at you. And when this happens, you often wind up with unwelcome expenses. In these hectic moments, it might seem impossible to think about your federal student loan payments, but that’s exactly what you should do.

To view the full article, visit ed.gov.



- Jun 09, 2014

President Obama signed a memorandum last week related to ‘income caps’ on student loan repayment amounts. The memorandum is aimed at supporting federal student loan borrowers, including those at risk of defaulting on their loans.

To view the full article, visit whitehouse.gov.


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