What are the interest rates for Direct Loans?
Asked 6 months ago
The interest rates for Direct Loans vary depending on the loan type and disbursement date. For Direct Subsidized Loans and Direct Unsubsidized Loans disbursed on or after July 1, 2019, and before July 1, 2020, the interest rate is fixed at 4.53%. For Direct Graduate PLUS Loans disbursed during the same timeframe, the fixed interest rate is 7.08%. Direct Parent PLUS Loans have a fixed interest rate of 7.08% as well. These rates are determined by the federal government and are subject to change every year on July 1st. It is important to review the current rates and terms on the official federal student aid website or contact the loan servicer for the most up-to-date information.
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