Congress sets interest levels on Direct Loans through the U.S. Department of Education through legislation that ties the rate to markets that are financial.

Congress sets interest levels on Direct Loans through the U.S. Department of Education through legislation that ties the rate to markets that are financial.

Rates of interest for Direct Loans

The chart below displays the interest levels for Direct Subs

Loan rate of interest Direct Subsidized Loan (Undergraduates) 4.53% Direct Unsubsidized Loan (Undergraduates) 4.53% Direct Unsubsidized Loan (Graduate/Professional Pupils) 6.08% Direct PLUS Loans (moms and dads and/or Graduate or students that are professional 7.08%

Early FAFSA and Prior Data

In Fall 2015 the President announced two changes that are major the complimentary Application for Federal scholar help (FAFSA) process. Continue reading “Congress sets interest levels on Direct Loans through the U.S. Department of Education through legislation that ties the rate to markets that are financial.”