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How does the Service Members Civil Relief Act affect my student loan interest rates?

April 26, 2017ACT affect Civil interest rates members relief service student loan

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How does the Service Members Civil Relief Act affect my student loan interest rates?

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The Service Members Civil Relief Act (SCRA), establishes a maximum interest rate of 6% on debts incurred by a service member, or the service member and the service member’s spouse jointly, before the service member enters military service.