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July 2017 E-Topics - Interest Rates Rise on Federal Student Loans for 2017/2018

| July 01, 2017
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After falling for two consecutive years, interest rates on federal student loans are now rising.  The following table shows the interest rates for new Direct Loans first disbursed on or after July 1, 2017 and before July 1, 2018.  The rate is fixed for the life of the loan.

Subsidized vs. unsubsidized

Whats the difference?  With subsidized loans, the federal government pays the interest that accrues while the student is in school, during the six-month grace period after graduation, and during any loan deferment periods.  By contrast, with unsubsidized loans, the borrower pays the interest during these periods.  Eligibility for subsidized loans is based on financial need.  Only undergraduate students are eligible for subsidized loans.

 Dorion-Gray Retirement Planning, Inc. is located at 2602 IL Route 176, Crystal Lake IL 60014-2225. Securities offered through Securities America, Inc. a registered Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Dorion-Gray is not affiliated with Securities America companies. All content provided by Forefield is protected by copyright. Forefield claims no liability for any modifications to its content and/or information provided by other sources. Neither Forefield Inc. nor Forefield Advisor ™ provides legal, taxation or investment advice.

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