03 Jul S. Department from Education pays the new accrued interest on the backed financing in the statutory speed
UHEAA wil dramatically reduce the interest rate billed to borrowers into Federal Combination finance which can be guaranteed and you will belonging to UHEAA because the determined by the go out out of first disbursement and UHEAA's power to remain offering the benefit to borrower
To own money disbursed towards or shortly after , UHEAA will certainly reduce the interest rate from the 0.25%. To have loans basic paid toward or once , UHEAA will reduce the pace by 0.50%. To own finance paid on otherwise prior to , UHEAA wil dramatically reduce the speed of the step one.25%.