Student Loan Interest Rates Update
It’s July 1, 2010 – if you have student loans then your first payment may be due today!
Here is a reminder of what the current student loan interest rates are:
If the first payment of your subsidized loan is between July 1, 2010 and June 30, 2011: the interest rate on your loan is fixed at 4.5%
If the first payment of your subsidized loan is between July 1, 2011 and June 30, 2010: the interest rate on your loan will be fixed at 3.4%
Graduate and professional degree students
The interest rate is fixed at 6.8%
Direct Unsubsidized Loans
The interest rate is fixed at 6.8% for all borrowers – undergraduate and graduate
Don’t forget to pay your loans! Check out What Happens If You Default on Student Loans for the possible consequences.