11.15.05 | T-bill rates cross 4%
The 91-day T-bill just crossed 4%.
Yup.
4.004%
as of Monday’s sale. That’s STAGGERING. If rates were computed for student loans today, they would be:
+ Stafford in grace: 5.704%
+ Stafford in repayment: 6.304%
+ PLUS: 7.104%
That’s a HUGE increase over last year.
What does this mean for you? File your FAFSA as soon as the doors open on January 2, because every day you wait, the less non-loan money is available!
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