Here's what you need to know about the recent hike in student loan interest rates.
Some banks and private lenders claim their rates are lower than those of unsubsidized Stafford loans offered by the federal government. You can find and compare them on sites such as SimpleTuition (www.simpletuition.com). Be wary, these loans usually require a co-signer and may have variably interest rates.
Danny Moloshok / Reuters
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