Big Changes for Federal Stafford Loans
Beginning July 1, the federal government has announced a reduction in the current subsidized Stafford Loan interest rates. The government will drop rates from 6% down to 5.6% for all subsidized Stafford loans issued between July 1 and June 30, 2010.
Student Loans and Your Credit Score: What You Need to Know
It turns out that comparing different student loan options doesn't have as negative an impact on your credit score as was previously feared. Recently, Fair Isaac, the company behind the industry standard credit score (called “FICO Score”) released clarification on how applying for student loans impacts your credit score.