Lowest Rates on Student Loans

What is the lowest rates for student loans? Funny enough, most don't realize that federal student loans are the same across the board. However, some companies offer cash back incentives and principal reductions after graduation. The rates for stafford loans are at 6.8%. Stafford loans will be the typical federal student loan used for both undergraduate and graduate degrees. The stafford federal student loan has nearly doubled in its loan amount from last year, serving graduates the ability for as much as $20,500 in their graduate years. Medical school tuition however has no brakes it seems, so students are faced with having to bridge the gap between federal student loan programs and the rising cost of tuition. Private student loans allow a student or grad student to obtain as much as $300,000 with a variable rate. Rates are as low as nearly 6.33% for the first year, but will adjust thereafter. Regardless, both federal student loans and private loans have typical repayment terms of 10 years. So, its becoming increasingly popular to consider student loan consolidation, especially amongst those students considering professional degrees, such as nursing students, dental students, and law students. Student loan consolidation gives these professional graduates the flexibility of as much as a 30 year repayment, lowering what would be their student loan payments, by as much as 60%.