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 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 (Parents and/or Graduate or students that are professional 7.08%

Early FAFSA and Prior Information

In Fall 2015 the President announced two major modifications to the complimentary Application for Federal scholar help (FAFSA) process. The FAFSA will become available to students and their families on October 1st while traditionally the FAFSA filing cycle begins on January 1 of the year preceding the award/academic year, starting with the 2017-2018 cycle. The change that is second by the President is the fact that again, you start with the 2017-2018 cycle, the FAFSA will collect earnings information through the tax/calendar 12 months 12 months sooner than has been utilized within the past. Continue reading “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.”