How do interest rates affect student loans?
Get the latest Flash player
-
Save to Favorites
How do interest rates affect student loans?
When should I consolidate my student loans?
Are all student loans eligible for consolidation?
How do I go about consolidating my student loan?
After I have submitted my consolidation application do I continue to pay my current loans?
How to Repay Your Student Loans
How do interest rates affect student loans?
What is student loan forgiveness?
Can student loans be dismissed through bankruptcy?
Reduce Homework Stress By Focusing
Reduce Stress to Increase School Performance
How To Encourage Boys To Enjoy Reading
Avoid Calculator Dependency In Students
How to Make Yourself Irreplaceable at Work
The Keys to Remembering What You Read
Tips For Helping Reluctant Readers
Managing Perfectionism In Children
Managing Parent Homework Help
Motivate Your Student With Praise
The Academic Benefits of Family Meals
Caring for a Cold in College
Justin Draeger
Spokesperson, National Association of Student Financial Aid Administrators
Justin Draeger is Assistant Director for Communications with the National Association of Student Financial Aid Administrators (NASFAA). Prior to joining NASFAA, Justin worked as the lead analyst for the Michigan Guaranty Agency. Justin began his career in student aid 10 years ago working as the financial aid administrator for the Douglas J Aveda Institute in East Lansing, Michigan. Justin earned a Bachelor’s of Science Degree in Resource Management from Brigham Young University and his MBA in Finance from Baker College. He has presented at several conferences in both the financial aid and business management fields and continues to publish nationally. Justin has been tapped for his expertise on student financing by CNBC, Fox Business News, The New York Times, Wall Street Journal, Boston Globe, Kiplinger, Business Week, National Public Radio, and more.
How do interest rates affect student loans?
Justin Draeger with the National Association of Student Financial Aid Administrators explains how interest rates affect student loans.
This expert:
215,707 views
This series:
21,963 views
Transcripts
Justin Draeger: Hi, my name is Justin Draeger, I am a spokesperson for The National Association of Student Financial Aid Administrators. Today I am going to be talking to you about student loan consolidation.
Host: How do interest rates affect student loans?
Justin Draeger: After July 1, 2006, Federal Stafford Loans are the most common forms of Federal Student Loans, now have a fixed interest rate. But before that if you have loans priors to July 1, 2006, you probably have a variable interest rate that changes annually based on T-bills that are auctioned off by the government. Having an interest rate that is going up or down will affect how much you pay and how much you ultimately owe. Rising interest rates means that your monthly payment will go up and in the end you will pay more for your loan, interest rates that are going down means that you will be paying less monthly and then also at the end of the year, you will pay less in interest rates.
How to Repay Your Student Loans
Do student loans affect my credit?
What is the difference between a deferment and forbearance for student loans?
How do I find out what company holds my student loans?
Is paying credit cards more important than installment loans or mortgages?
What is the difference between subsidized & unsubsidized direct or Stafford loans?
What happens if I do not pay back my student loans?
How will declaring bankruptcy affect my eligibility for future student loans?
Can student loans be dismissed through bankruptcy?
Paris by Carmelo at 03/17/09 08:43AM Flag
He was the only other human at the loading dock this morning. The man didn't have a name, just a number, like the rest of the robots.<a href="http://www.short-stories.co.uk/"> Paris, at Night</a>.
Scholarship-Listings.com by Scholarshiper at 08/03/08 11:27PM Flag
Scholarship-Listings.com offers great free scholarships that college students can apply for. Check it out!
(Add Comment)