A Borrower's Guide to July 1, 2008
The first of July is an important date for federal student loans: it's when interest rates and other terms change each year. After July 1, 2008, in addition to a drop in costs for many loans, thousands of borrowers in public service professions can take a major step toward student loan forgiveness.
This is a guide to what college students, their parents, and people already repaying their student loans need to know about the helpful changes taking place on July 1, 2008.
Read the full report A Borrower's Guide to July 1, 2008 on the Project on Student Debt Web site.