March 9, 2007
Save .25% on Your Parent Plus Loans
What most parents dont know is that the Interest Rate Cap for Federal Loan Consolidation is 8.25%. The Interest Rate Cap on Parent Plus Loans is 9%. For all of the parents out there that borrowed a Plus Loan after July 1st, 2007 at 8.5% can save .25% instantly just by consolidating your loans. In addition, you may be eligible for Consolidation Incentives. For instance, The Student Loan Network offers the following…
- .25% Rate Reduction for ACH Payments
- 1% Rate Reduction after 36 on-time payments
So, your already looking at a new rate which is 1.5% less than what you already have. Need more information? Contact a representative at The Student Loan Network for additional details at 877-328-1565 or apply online.