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Interest Rates For Student

Posted on March 24, 2010.
Interest Rates For StudentHow can they calculate the annual interest rate for student loans?

Can anyone help me? I am a student and I'm going to study in Canada as an international student and I will get a student loan with a co-signer. I am trying to understand how they calculate their rates. What the prime rate and LIBOR rate they choose? And how can they add taxes at the rate and all that stuff? I really need to know how it goes.
Thank you

Student loan interest rates and fees really depends on the type of loan you take on. It also depends on your credit rating.

In general, a fixed interest rate for Stafford loans is 6.8%. A PLUS loan is currently 8.5%.

rates signature student loan is based on the prime rate (rate and can be + / - 1%)

Everything I've seen at this time seems quite high, so you'll probably want to consolidate all your student loans at a given time.

Currently, the products loan consolidation term of about 4.75% to 6.125%.

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