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As changes and new information become available, we will post them here, keyed to the relevant chapters in Admission Matters, Fourth Edition. Be sure to check the Resources tab and the Admissions News tab for additional information that you may find helpful.

Chapter 8

   Page 175 — On July 1, 2017 the interest rates on new federal student loans will increase from the previous year by 0.69 percentage points. The higher rates apply to new loans made between July 1, 2017 and June 30, 2018. The rates on existing, fixed-rate loans will not change. One-time loan fees on new loans will remain unchanged through September 30, 2017. The new rates are:

* Federal Direct Loans — 4.45%

* Federal PLUS Loans — 7.0%

Information about how the loan rates are calculated each year may be found at: https://www.cappex.com/hq/articles-and-advice/financial-aid/student-loans/Federal-Student-Loan-Interest-Rates-Rise

Chapter 9 — Not really an update, but a link to four excellent just-published college essays, each dealing with money-related matters. Each left the admisisons folks “wanting to continue the conversation” with the writer.


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