<p>Are there any educational loans out there that is fixed?</p>
<p>Also, if you apply for a loan online, it’s not binding rite?</p>
<p>Thanks!</p>
<p>All of the federal loans will have a fixed rate as of July 1st - the Stafford student loan will be fixed at 6.8% and the Parent PLUS loan will be fixed at 8.5% (or thereabouts)…</p>
<p>If you apply online for a loan and if you use your PIN number or an electronic signature process you are committed to that loan.</p>