Federal Student Loan Rates to Increase The Lansing State Journal reports that instead of current variable rates, students and parent will be paying higher fixed rates of federal student loans. Rates of 6.8% for students and 8.5% for parents would translate into almost $2000 in additional interest costs over the life of a 10-year loan for the typical Michigan State University student. Read Student loans more difficult to pay off under new law in the LSJ Posted/updated Feb 15, 2006 by Andrew McFarlane (Absolute Michigan) click to Send This Story to a Friend! Main Michigan News Page Go Back One Page

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