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Which are the popular banks that issue student loans?
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Citibank, Wells Fargo, Sally Mae, Sun Trust, and Chase are among banks that provide student loans. There are other noted credit unions that may offer loans on certain conditions.
What is the interest rate on student loans?
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Undergraduate students can expect to pay 5.04 percent in interest on new Stafford loans instead of the current 4.45 percent. Graduate students will see the interest rate on new Direct loans climb from 6 percent to 6.59 percent.
How much is student loans?
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If you are an undergraduate student: Up to $5,500 per year depending on your financial need, the amount of other aid you receive, and the availability of funds at your college or career school.