Interest rates on home loans may be at the lowest levels ever, but the feds are tightening up, raising rates and limiting grace periods on Direct loans to students, many of whom are already over their heads in college and graduate school debt.

Note the following changes to Direct Student Loans:

Direct Subsidized loans will not be eligible for an interest subsidy during the six-month grace period.

  • Subsidized loans are loans for which the borrower is not responsible for the interest while t...


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