Posts Tagged ‘federal student loan rates’
Federal student loan rates fall to lowest on record
For some good news amidst the current pandemic, the federal direct student loan rates are falling to the lowest interest rates on record for families taking on federal student loans this year. Undergraduate rates for the 2020-2021 school year will be 2.75%. This is a reduction of 1.78% as compared to the 2019-20…
Read MoreFederal student loan interest rates drop for 2019-2020 school year
There is finally some good news for a change when it comes to college costs. For the first time in three years, interest rates on federal student loans will drop for new borrowers for new loans made on or after July 1, 2019. Rates dropped over a half a percent from the previous year. New…
Read More5 things most families don’t know about before taking out student loans, but should
1 $31,000 is the maximum amount dependent undergrad students can borrow in federal direct student loans. Annual limits are: $5,500 in year 1 $6,500 in year 2 and $7,500 each subsequent year until the $31,000 overall limit is reached 2 You must complete the FAFSA to access the Federal Direct Student Loans and the Parent…
Read MoreFederal student loan rates go up for 2018-19 school year
For families that take out federal student loans, college just got a bit more expensive for the second year in a row. Starting July 1, 2018, federal loan interest rates are going up for loans taken out to pay for the 2018-19 academic year: Undergrads will pay a rate of 5.04%, up from the current…
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