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Student reaction to loan relief

 

 

Intro: The average student loan balance for new college graduates is more than 25-thousand dollars. President Obama's recently enhanced student loan plan will provide relief to millions of students by reducing their payments and interest rates. Bankrate.com recently asked college student their thoughts on Obama's plan.

(TAKE MOS interviews)

Tag: To learn more about student loans, visit the college finance tab at Bankrate.com. I'm Kristin Arnold.

 

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Student Loan Averages
Product Rate +/- Last week
Stafford Loan Rate-in school 3.40%
4.50%
Stafford Loan Rate-after school 6.80%
7.14%
Plus Loan Rate 7.90%
8.50%
$30K home equity loan FICO 6.19%
6.21%
View rates in your area:
Don Taylorcollege
Don't learn the hard way: A co-signed student loan spells trouble when the student reneges.
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