New student loan options outlined in NY Times article - WKOW 27: Madison, WI Breaking News, Weather and Sports

New student loan options outlined in NY Times article

NEW YORK (WKOW) -- The New York Times outlined new procedures for student loans in an article published Tuesday.

The Dept. of Education changed the interest rate limits and income guidelines to give students more flexibility when they pay back student loans during a difficult economy.

For instance, by 2012, the interest rate on Stafford loans will drop to just over 3 percent.  It is currently more than 6 percent.

You can read the article in the NYTimes here:

http://www.nytimes.com/2009/06/30/education/30college.html?em

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