September 27th, 2013 |
The U.S. Department of Education announced the following interest rates for federal student loans issued for the 2013-2014 academic year:
- 3.86 percent for Direct Subsidized Loans and Direct Unsubsidized Loans to undergraduate students.
- 5.41 percent for Direct Unsubsidized Loans to graduate/professional students.
- 6.41 percent for parent and graduate PLUS Loans.
Future interest rates will be reviewed each academic year; however, the 2013-2014 loan rates are fixed until you pay off the loan or initiate a loan consolidation.
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