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What if you have a great credit history?

What if you have a great credit history? What's the rate? Parents who borrow to help out their college-age children can expect to pay 7.6 percent, up from 7 percent, for the federal parent PLUS loans. The same rate applies to the Federal Grad PLUS loans. These are fixed rates for the life of the loan. The family should maximize the Federal Stafford loan borrowing before the PLUS loan because the Stafford loan has a lower interest rate, Kantrowitz said. As of July 1, the fixed interest rate on federal student loans increased to 5.045 percent, up from 4.45 percent…