Student Loan Interest Rate Hike for Dummies

    It’s not easy understanding all the politics behind the 6.8 percent interest rate hike for all new subsidized Stafford Loans, but here’s a before and after version for dummies that explains the math, including the original loan amount, monthly payments, total interest and total loan repayment.

    Infogram on student loan interest rates for dummies

    Author

    Al Krulick
    Staff Writer

    Al is an award-winning journalist with dozens of years of writing experience. He served as a drama critic, high school teacher, arts administrator, theatrical producer and director. He also dabbled in politics, running twice for a seat on the U.S. House of Representatives for Florida. Al is a Certified Debt Specialist with the International Association of Professional Debt Arbitrators and specializes in real estate, credit and bankruptcy advice.

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