Loan

Jun 12 2017

Interest Rates #car #loan #calculators

#college loan interest rates
#

Interest Rates

All new federal student loans come directly from the U.S. Department of Education (ED) under the William D. Ford Federal Direct Loan Program (Federal Direct Loans). Before July 1, 2010, Stafford, PLUS and consolidation Loans were also made by private lenders under the Federal Family Education Loan Program.

Current interest rate information for various education loans is provided below. For further details regarding specific loan programs, click on the corresponding link(s).

Federal Stafford Loans

The interest rate on subsidized and unsubsidized Federal Stafford loans for undergraduate students disbursed on or after July 1, 2015 is fixed at 4.29%.

Unsubsidized Federal Stafford loans for graduate students (graduate students are not eligible for subsidized loans) disbursed on or after July 1, 2015 have a fixed rate of 5.84%.

The Federal Student Aid website provides more information about interest rates and how interest is calculated.

Federal PLUS Loans

The interest rate on Federal PLUS loans (for parents and for graduate/professional students) disbursed on or after July 1, 2015 is fixed at 6.84%.

The Federal Student Aid website provides more information about interest rates and how interest is calculated.

Federal Perkins Loans

The interest rate is fixed at 5 percent.

Federal Consolidation Loans

Written by admin


Leave a Reply

Your email address will not be published. Required fields are marked *