I don't understand... who got a 3.4% interest rate on student loans?

Paying for College
1

<p>I'm hearing that the federally subsidized Stafford loans are currently being loaned at 3.4% and have been since 2007. Is this right? All of my Stafford loans, subsidized, are around 6% and I went to school from 2007-2011. So I'm very confused by all of this talk about a jump to a 6% interest rate. What am I missing here?</p>

2

<p>No, that’s not right. It was only 3.4% THIS year. The subsidized loan rates have been decreasing since 08-09.</p>

<p>Here’s a link with historical rates:
[FinAid</a> | Loans | Historical Interest Rates](<a href=“Your Guide for College Financial Aid - Finaid”>Historical Rates - Finaid)</p>