MyRichUncle(TM) Showcases Its Student Advocacy by Reducing Rates on Federal Student Loans

NEW YORK, June 15 /PRNewswire/ — MyRichUncle(TM), the student loan
company focused on shifting the industry to work in the best interests of
the student, today is announcing the launch of its Federal Loan Program,
priced well beneath industry standard rates. Federal Student Loans, the
most widely utilized and cost-effective loans for education will move to a
higher fixed rate structure on July 1, 2006. However, by securing their
Federal Loans through MyRichUncle, students and parents will realize
sizeable cost savings at repayment on Stafford (5.8 percent), PLUS (6.75
percent) and GradPLUS (6.75 percent) loans, versus other lenders offering
industry-standard rates of 6.8, 8.5 and 8.5 percent, respectively. (more…)

Written by Originator on June 15th, 2006 with no comments.
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