10.10.2003
Student Loan Interest Rates Plunge
Daily Free Press:
"Student loan interest rates have plunged to their lowest levels in history, motivating an increase in the total amount of money Boston University students have borrowed this year, according to Christine McGuire, a director for the Office of Financial Assistance.
'This is significant because it means that students can borrow at lower interest rates and won’t have as much long-term debt,'” she said. '“However, it not true that more students are taking out loans this year, though they are borrowing more money. The lowered interest rate is not going to tempt someone who wouldn’t take out a debt before...'”
"Student loan interest rates have plunged to their lowest levels in history, motivating an increase in the total amount of money Boston University students have borrowed this year, according to Christine McGuire, a director for the Office of Financial Assistance.
'This is significant because it means that students can borrow at lower interest rates and won’t have as much long-term debt,'” she said. '“However, it not true that more students are taking out loans this year, though they are borrowing more money. The lowered interest rate is not going to tempt someone who wouldn’t take out a debt before...'”
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