Student loan rates will hit record low
SAN FRANCISCO -- Despite the specter of rising interest rates, student-loan borrowers will soon enjoy the lowest rates in 39 years for the year beginning July 1. The variable rate on federal Stafford loans, the most common, drops to 2.77 percent from 2.82 percent for current students and new graduates, according to Sallie Mae, the student-loan lender. Graduates will pay 3.37 percent, down from 3.42 percent, and parents with PLUS loans will pay 4.17 percent, versus 4.22 percent

