Student loan rate hikes explained

Published On: Jul 08 2013 11:51:27 AM CDT   Updated On: Jul 09 2013 01:00:00 AM CDT

Here's what you need to know about the recent hike in student loan interest rates.

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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.

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