Loan deal offers students better deals _ for now

(AP) - Under a new law governing student loans, interest rates would be linked to the 10-year Treasury note plus an added percentage. A look at those rates:


Undergraduates who take subsidized and unsubsidized Stafford loans would pay the rate of the 10-year Treasury note, plus 2.05 percent. That would put the interest rate at about 3.9 percent this fall. Rates would be capped at 8.25 percent.


Graduate students would borrow at the interest rate of the 10-year Treasury note plus 3.6 percent. That would mean 5.4 percent interest rates for borrowers this fall. Rates would be capped at 9.5 percent.


Parents and some graduate students would borrow at the 10-year Treasury note rate plus 4.6 percent. That works out to a 6.4 percent interest rate for the fall term. Rates would be capped at 10.5 percent.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Eying the Prize
    A dominant win over Arizona has the Seahawks eying the Super Bowl

  • The Show Will Go On
    Dave Ross hopes that seeing "The Interview" won't become a litmus test for patriotism
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.