A Borrower's Guide to July 1, 2009

The first of July is an important date for people with federal student loans: it's when interest rates and other terms change each year. On July 1, 2009, Income-Based Repayment becomes available for the first time; Pell grants get bigger; and the interest rates on new Subsidized Stafford loans and existing variable-rate loans go down.

This is a guide to what college students, their parents, and people already repaying their student loans need to know about the changes taking place on July 1, 2009.

Read the full report A Borrower's Guide to July 1, 2009 on the Project on Student Debt Web site.

Pew is no longer active in this line of work, but for more information, visit the Project on Student Debt Web site or visit the The Project on Student Debt on PewHealth.org.