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Learn about the different types of federal student loans and their interest rates on the official Federal Student Aid website.
Subsidized and Unsubsidized Consolidation Loans. 91-Day T-Bill = 5.40%. Loans for which the application was received on or after 2/1/1999 (any status) will have a fixed interest rate of the lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent.
For undergraduate students, the interest rate for Direct Subsidized Loans and Direct Unsubsidized Loans is 6.53%. For graduate or professional students, the interest rate for Direct Unsubsidized loans is 8.08%. If your loan was disbursed before July 1, 2024, it likely has a different interest rate.
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Check out this example of a $27,000 student loan, borrowed with a 6% interest rate. Learn more about student loan interest and how it would affect any loans you may choose to accept. You can also view the current interest rates for Direct Subsidized Loans and Direct Unsubsidized Loans, which are fixed rates for the life of the loan. 4
The interest rates listed in the table below apply to the above mentioned student and parent loans. Federal Loans (Subsidized and Unsubsidized) In-school, Grace and Deferment Periods
Direct Subsidized Loans and Direct Unsubsidized Loans are low-interest loans for eligible students to help cover the cost of college or career school.
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What is My Current Interest Rate? Log in to your account and select Loan Details on the sidebar to find your current interest rate. Interest rate reductions may be available if you enroll in Auto Pay or if you are an Active Duty Military Service Member .
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