new for anyone trying to pay off their student loans-with this year’s
annual reset, the federal rate went down. And for families trying to
plan for college,
the rate for new borrowers will also decrease.
Don Vickers, President
of the Vermont Student Assistance Corporation tells VPR’s Mitch Wertlieb about the rates.
Upheaval in credit markets has thrown many college loan programs into chaos,
just as students are making choices about where they’ll study next year. Vermont’s prime student loan agency says it has avoided that upheaval
because it’s struck a deal with a bank for $390 million in financing.
Ross Sneyd reports.