Facts of the Month

Federal Student Loan Interest Rates Drop July 1!

Each year about now the federal government sets the interest rates for the next academic year. Beginning July 1, 2016 through June 30, 2017, the interest rate on Direct Student Loans (subsidized and unsubsidized) will drop from the current interest rate of 4.29% to 3.76%; Graduate School Direct Loans will drop from 5.84% to 5.31%; and Direct PLUS Loans (Graduate & Parents) drops from 6.84% to 6.31%.



Publication Date: June 2016