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Loans student. Erest rates on existing variable rate Stafford and PLUS loans will continue to change annually on July 1, based on the last 91-day T-bill auction in May. The current interest rates on the Stafford Loan are 4.70% during the in-school and grace periods and 5.30% during the repayment period. The current interest rate on the PLUS Loan is 6.1%. These rates are expected to increase by 1.84% on July 1, 2006 to 6.54%, 7.14% and 7.94%, returning to historical average rates. FinAid recommends that students and parents who have not yet consolidated their variable rate loans do so before July 1 to lock in the current low rates. The era of historically low interest rates on student loans has ended, and families are extremely unlikely to see rates this low ever again. (Generally, it is best to consolidate your loans at least a month before the deadline, to give the lenders time to process the paperwork.) Many student loan providers offer low cost government and private loans with consistently high q loans student
 

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Uality servicing and flexible repayment terms. Citibank Student Loans is one of these lenders. FinAid maintains a list of education lenders, guarantee agencies, servicers and secondary markets who offer federal and private student loans, as well as advice on choosing a lender and tips on identifying the lenders that currently hold or service your loans. Loan forgiveness programs (in which the borrower's loans are paid off in exchange for volunteer work or military service) offer an option for easy repayment. If you are having difficulty repaying your education loans, see Defaulting on Student Loans before you decide to skip a payment. It offers you some alternatives. Loan Cancellation and Discharge Forms can be found on the US Department of Education web site. Also, FinAid provides numerous calculators that can help you better understand your borrowing options. The loan calculators offer estimates of monthly loan payments, estimates of the amount of debt you can afford to repay, an ana loans student


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