The latest Federal Direct Student Loan rates have been set. For the 2015-16 school year the rates are as follows:
Undergraduate Subsidized & Unsubsidized Direct Loan — 4.29% (down from 4.66%)
GradPlus Direct Loan — 5.84% (down from 6.21%)
Parent Plus Direct Loan — 6.84% (down from 7.21%)
When borrowing through the Federal Direct Student Loan Program keep your borrowing as low as possible. Exhaust all funding options prior to borrowing. Check with the college’s Bursar’s Office regarding monthly payment plans which tend to be interest free.