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re-paying student loans
katymay27
Posts: 3 Newbie
I am a former student who took out student loans in the year 2007/08 and 2008/09. When the new interest rate becomes effective in September 2010 of 4.4% I am wondering if this will apply to me when I pay back the loan or as I took out the loan before this date will the present rate be applied. Does anyone know how repayment of past borrowing will work?
katymay27
katymay27
0
Comments
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Your loan rate isn't fixed from when you took it out. It varies from year to year.
The rate might not be 4.4% either.0
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