Congress passed the Bipartisan Student Loan Certainty Act and the President has signed the act into law. The following interest rates are for loans first disbursed between July 1, 2013 and June 30, 2014.
|Loan Type||Fixed Interest Rate|
|Direct Subsidized Loans (Undergraduate Students)||3.86%|
|Direct Unsubsidized Loans (Undergraduate Students)||3.86%|
|Direct Unsubsidized Loans (Graduate Students)||5.41%|
|Direct PLUS Loans (Parents and Graduate or Professional Students||6.41%|
For more information, please visit Federal Student Aid at http://studentaid.ed.gov/types/loans/interest-rates