The student loan interest rates for the 2019/20 academic year have just been announced. Interest rates for the Federal Direct Loan program are set each year based on the 10-Year Treasury Note rate as of June 1. The Treasury Department just held its last T-Note auction scheduled prior to that June 1 date, so rates are now locked in.

Without further ado, interest rates for the 2019/20 school year will be:

  • Subsidized and Unsubsidized Direct Loans for undergraduate students: 4.529%
  • Unsubsidized Direct Loans for graduate students: 6.079%
  • Direct PLUS Loans for graduate student and parents of undergraduate students: 7.079%

To learn more, visit the Insider blog at blog.getintocollege.com.

Written by College Coach
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