Keyword Analysis & Research: federal student loan interest rates 2016

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Frequently Asked Questions

What are the interest rates for federal direct student loans?

For Federal Direct Student Loans with a first disbursement date between July 1, 2015 and June 30, 2016, the following rates are fixed for the life of the loan: Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students 4.29% Direct Unsubsidized Loans for Graduate and Professional Students 5.84%

Are federal student loans fixed or variable interest?

Federal student loans currently provide fixed interest rates that do not change throughout the life of the loan, although each year’s fixed interest rates may be different. From the mid-1980s through the mid-2000s, however, interest rates on federal student loans were variable and could be locked in as a fixed rate through consolidation.

Is there a limit to how much student loan interest rates?

There’s also a limit to how much students can borrow, though it’s higher than the subsidized limit. Federal student loan interest rates were fixed at 6.8% from 2006 to 2013. After that, the Bipartisan Student Loan Certainty Act took effect, which affected unsubsidized loans.

Does the government pay the interest on student loans?

The government pays the interest on these loans, so those who receive Direct Subsidized loans are not charged interest while they are in school at least half-time or during periods of deferment. Current Interest Rate (2016-17): 3.76%


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