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Key takeaways. Interest rates on federal student loans are always fixed. These rates are set on July 1 each year for loans disbursed from July 1 to June 30 of the following year.
The rate for Direct PLUS Loans was 8.05% for loans first disbursed after July 1, 2023 — up from 7.54% for loans first disbursed between July 1, 2022, and June 30, 2023.
And PLUS loans, which are available to both parents and graduate students, will come with a 9.08% interest rate, an increase from 8.05%. The rates for graduate students and parents have not been ...
A cohort default rate (CDR) is an accountability metric for US colleges that are eligible for federal Pell Grants and student loans.It measures the percentage of a school's borrowers who enter repayment on federal student loans during a federal fiscal year (October 1 to September 30) and default in the next three years. [1]
With the average monthly student loan payment at $503, according to the Education Data Initiative, a staggering 37% of federal student loan borrowers said they have not saved money in anticipation ...
The pre-pandemic student loan delinquency rate was 15.6% of borrowers. ... IDR plans allow student loan borrowers to drop their monthly payments to as low as $0 if their income dips below a ...
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