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.

Written by College Coach
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