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Monday, January 15th 2007

Some Help…

…with parts of my student loans. I think.

The interest rate relief would apply only to need-based loans and doesn’t help people who take out unsubsidized student loans — a distinction not made in the campaign literature Democrats handed out before winning control of Congress last fall.

Okay, so half my loans are unsubsidized. Do these apply to Stafford loans for grad school? Is there a distinction? Even if they do, they won’t be in full force to help me terribly much,

The rate cut for subsidized student loans — from 6.8 to 3.4 percent — would be phased in over five years.