Question by thefightforgood: If interest rates are so low, why are my student loan interest rates higher than ever?
I just applied for my Student Signature loan with sallie mae for this semester, and the interest rate is 11.750%, whereas the last few semesters have been at about 8%.

Best answer:

Answer by Boss Chick
Have you had Signature loans the previous semester? Because the stafford loan rate is 6% and 6.8% the Plus loan is 8.5% and those are fixed but your rate may not be.

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