Student Loan Interest Rates 2019: Your Guide to Understanding the Numbers
Student Loan Interest Rates 2019: Your Guide to Understanding the Numbers The 2019-2020 federal student loan interest rates are currently 4.53% for undergraduate loans, 6.08% for unsubsidized graduate loans and 7.08% for direct PLUS loans. With roughly 70% of students taking out student loans to attend college-in a rising-interest-rate environment-it’s important to understand how these loans can impact your finances . Read more to find out how federal student loan rates have changed over time and how they compare to private student lenders. Direct Subsidized Loans Direct Unsubsidized Loans Direct PLUS Loans Federal Student Loan Interest Rates: 2019-2020 School Year Student loan interest rates will school year for all federal loan types disbursed between . The disbursement date for any student loan is the date on which you receive payment from the lender. Below, we have listed the current student loan rates on the available types of federal loans. Note that these percentages represent the amount of interest you will pay on an annual basis. Direct Subsidized Loans Undergraduate 4.53% 1.059% Direct Unsubsidized Loans Undergraduate 4.53% 1.059% Direct Unsubsidized Loans Graduate or Professional 6.08% 1.059% Direct PLUS Loans Parents, Graduate or Professional 7.08% 4.236% Student Loan Interest Rates From 2006-2018 Over the past 12 years, interest on federal student loans has ranged from 3.4% to 7.90%, depending on the type of loan .
