Changes to Federal Student Loan ProgramsPosted on Mon, 07/02/2012 - 16:00
The interest rate on student loans will remain at 3.4% thanks to Congressional action last week. But there are other important changes to federal student loan programs that students and families need to be aware of. For example, the "grace period" on subsidized undergraduate loans -- under which the government paid the interest for six months after students left college -- has been eliminated. Inside Higher Ed has a good brief article on the highlights of the new status quo here.