500
6.If you must borrow money for college, which federal loan offers the best deal? A. Perkins loan B. PLUS loan for parents C. Subsidized Stafford loan D. Unsubsidized Stafford loan
The best answer is C. Subsidized Stafford Loan. The best option is a subsidized Stafford loan, which has a 3.4% for the 2012-13 school year, lower than an unsubsidized Stafford loan or a PLUS loan for parents. A Perkins loan has a fixed 5% rate and is available to only the neediest students. But be aware, subsidized Stafford loans disbursed on or after July 1, 2013, may carry a higher interest rate.