Jingel Bell

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

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

Rates of interest for Direct Loans

The chart below shows the rates of interest 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 Professional pupils) 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. While traditionally the FAFSA filing period begins on January one of the 12 months preceding the award/academic 12 months, you start with the 2017-2018 period the FAFSA can be open to students and their own families on October first. (more…)

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