TITLE

A carrot for student borrowers

AUTHOR(S)
Baig, Edward C.; Mannix, Margaret
PUB. DATE
December 1992
SOURCE
U.S. News & World Report;12/14/92, Vol. 113 Issue 23, p109
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that after the first of the year, students who obtain Stafford loans owned and serviced by the Student Loan Marketing Association--Sallie Mae--can get two percentage points shaved off the interest rate if they make each of the first 48 payments on time. Borrowers with a perfect on-time record automatically receive the reduction. Other rules; The dollars can add up; Some 900 financial institutions offer the rate reduction program.
ACCESSION #
9212142381

 

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