Planning to borrow a Federal student or Federal parent loan this coming school year? The interest rates for those loans have just been announced and they are much lower than the previous year. For loans borrowed between July 1, 2020 and June 30, 2021, the interest rates are as follows: Undergraduate students borrowing the Federal Direct loan (both subsidized and unsubsidized) will have a fixed interest rate of 2.75%. Graduate students borrowing the unsubsidized Federal Direct loan will have a fixed interest rate of 4.3%. Parents and graduate students borrowing the Direct PLUS loan will have a fixed interest rate of 5.3%. For more details, see the special College Coach Breaking News blog post at blog.getintocollege.com.
The Insider: College Admissions Advice from the Experts is where College Coach experts weigh in on the latest college admissions topics. We cover everything from application timelines and strategies to tips on financing your child's education.
Subscribe to Our Blog
ACT applying from abroad choosing a major choosing the right college college admissions advice college admissions consulting college admissions process college applications college lists college loans college visits common app common application common application help coronavirus covid-19 deciding on a college early action early decision educational consultant essay prompts essays FAFSA financial aid financial aid award getting in high school resume how to get into an ivy league school international students ivy league mba mba programs parenting paying for college SAT saving for college scholarships scholarship search standardized testing standardized tests student loans summer activities summer planning tuition writing college essays