I just put out a new video about the interest rate reduction on subsidized student loans that occurred on July 1. I know I’m a couple of days late, but I think it’s still worth checking out. I was disappointed that I couldn’t get YouTube to recognized it as a high quality video (it was), so it’s quite a bit fuzzier than I would like. Hat tip to my coworker Danielle for the concept.
UPDATE: I’m very excited that this was selected as a featured video by YouTube News and Politics Editor Steve Grove.
Being .8 short in sports can be the difference between winning and losing, and .8 can make a big difference on your student loans as well. On July 1, 2008, the interest rate on subsidized federal student loans dropped from 6.8% to 6%. This .8% cut, when combined with the interest rate cuts being made over the next 3 years, will save an average of $2570 for borrowers starting school in 2008.
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