Congress sets interest levels on Direct Loans through the U.S. Department of Education through legislation that ties the rate to markets that are <a href=""></a> financial.

Interest levels for Direct Loans

The chart below shows the interest levels for Direct Subs

Loan rate of interest Direct Subsidized Loan (Undergraduates) 4.53% Direct Unsubsidized Loan (Undergraduates) 4.53% Direct Unsubsidized Loan (Graduate/Professional Pupils) 6.08% Direct PLUS Loans (moms and dads and/or Graduate or students that are professional 7.08%

Early FAFSA and Prior Data

In Fall 2015 the President announced two changes that are major the complimentary Application for Federal scholar help (FAFSA) process. While usually the FAFSA filing period begins on January hands down the 12 months preceding the award/academic 12 months, you start with the 2017-2018 period the FAFSA can be offered to students and their own families on October first. The 2nd modification established by the President is the fact that again, you start with the 2017-2018 period, the FAFSA will collect earnings information through the tax/calendar 12 months twelve months prior to when has been used in past times. Continue Reading ->