unsubsidized student loan
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Federal loan rates face changes
After Saturday, college students at OSU and across the country will no longer be able to secure a federal loan at the current interest rates. Rates on the Stafford and Parent PLUS loans are set to increase by 2 percent, with the rates on Stafford subsidized and unsubsidized loans increasing from a variable of 4.7 percent to a fixed rate of 6.8 percent, and the Parent PLUS loans increasing from a variable rate of 6.1 percent to a fixed 8.25 percent. These loans can be bundled into one consolidation loan and secured at a lower fixed interest rate of 4.7 percent. In order to minimize the number of students repaying loans at higher interest rates, the federal government is allowing students to consolidate their federal loans while they are still in school. Students who are currently enrolled at any accredited institution have the option of applying for a Direct Consolidation Loan from the U.S.
More unsubsidized student loan info
First Financial Bankshares Announces Second Quarter Earnings ...
ABILENE, Texas, July 20 /PRNewswire-FirstCall/ -- First Financial Bankshares, Inc. FFIN today reported earnings for the second quarter of 2006 of $11.45 million, an 8.0 percent increase compared with $10.60 million in the same quarter last year. Basic earnings per share were $0.55 compared with $0.51 in the same period last year. The 2005 second-quarter results included a $513,000 before income tax special distribution of proceeds to the Company from the merger of PULSE EFT Association and Discover Financial Services, Inc. Excluding these special proceeds, the Company's net income in the second quarter of 2006 would have increased 11.5 percent.
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