Student loan consolidation rates fell in July.
The new low student loan rate will not effect everyone that holds a loan. If you have a variable rate, you can take advantage of the new rate. If you have a fixed rate, you won’t see a change. If you made your federal loan after July 1, 2006, you are not effected by the student loan rate decrease.
The following are the current rates:Stafford In Grace rate fell 1.61% to 2%
Stafford In Repayment rate fell 1.71% to 2.5%
Parent Plus Loan rate fell 1.63% to 3.38%