Americans have lived through all of this debate before. The Keystone XL debate is almost an exact replay of a similar policy clash during the early 1970s over whether to build a similar multibillion-dollar project: the Trans-Alaska Pipeline. The Alaska project was eventually approved by Congress in 1973 and completed in 1978, but only after fierce debate.
Private student loan interest rates are determined by the lender that made the loan and are based on your credit history and your cosigner, if you have one. The interest rate may be variable or fixed for the life of the loan, depending on the contract you signed when you took out the loan.
Interest rates on Federal Stafford Loans are currently the same for the subsidized and unsubsidized versions. The interest rate on a federal consolidation loan is based on the interest rates of the federal education loans that are consolidated.Interest rates on private student loans may be based on the credit history of the borrower (and cosigner, if any) and can be either fixed or variable.tudent Loan Interest Deduction. Up to $2,500 total in interest on federal and private student loans may be deducted on the borrowerâs federal income tax return each year. The deduction occurs as an above-the-line exclusion from income and so may be claimed even if the borrower doesnât itemize deductions.