Veteran Loan - Historic Lows for Student Loan Interest Rat...

Veteran Loan -
Historic Lows for Student Loan Interest Rat...

37%; Stafford Loans in an in-school or grace period will drop from 2.82% to 2.77%; and PLUS Loans will drop from 4.22% to 4.17%.The lower rates are also good news for borrowers interested in loan consolidation.The interest rate for a Consolidation Loan is calculated by taking the weighted average of a borrowers underlying loan(s) and rounding up to the nearest 1/8th of a percent. By consolidating after July 1, 2004, when interest rates fall, applicants can take advantage of the new rate(s) and lock in a lower, fixed rate for the life of their loan.Borrowers can further reduce their already historic low interest rates through CSLFs First Rate Loan programs.By choosing CSLF as their lender, Stafford and PLUS Loan borrowers receive an immediate 0.5% interest rate reduction upon entering repayment.PLUS Loan borrowers may receive an additional 0.5% interest rate reduction by having their payments automatically deducted from a checking or savings account; and Consolidation Loan borrowers may receive up to a 1.25% interest rate reduction.For more information about student loans and the interest rate reductions available through CSLFs First Rate Student Loan programs, visit www.cslf.com or call us toll-free at 1(800) 237-9721, Extension 442.ABOUT CSLFThe Connecticut Student Loan Foundation (CSLF) is a national, non-profit agency that administers, guarantees, finances, and services loans within the Federal Family Education Loan (FFEL) and other alternative loan programs. CSLF has over 35 years of experience providing assistance to students and parents seeking to finance a higher education. As a guarantor, CSLF assures t