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June 4, 2016

Direct Loan interest rates to be half percent lower for 2016-17

Not exactly thrill worthy but better a tiny bit lower than any higher, am I right?

Federal Direct Student Loans 2016-2017 Interest Rates (For Loans First Disbursed on or After July 1, 2016 and Prior to July 1, 2017)
Loan Type Borrower Type Index/10-Year Treasury Note Add-On Fixed Intrest Rate
Direct Subsidized Loans Undergraduate Students 1.710% 2.05% 3.76%
Direct Unsubsidized Loans Undergraduate Students 1.710% 2.05% 3.76%
Direct Unsubsidized Loans Graduate/Professional Students 1.710% 3.60% 5.31%
Direct PLUS Loans Parents of Dependent Undergraduate Students and Graduate/Professional Students 1.710% 4.60% 6.31%
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