Changes in Federal Student Loan Interest Rates for 2015-2016
For the 2015-2016 academic year, the interest rates are:
- Undergraduate Students
- Subsidized Loans 4.29%
- Unsubsidized Loans 4.29%
- Graduate Students
- Unsubsidized Loans 5.84%
- Grad PLUS 6.84%
- Parent Loan/PLUS 6.84%
The interest rates have dropped from 2014-2015 in all categories of loans: Undergraduate Subsidized and Unsubsidized (down from 4.66%), Graduate Unsubsidized (down from 6.21%), PLUS and Graduate/Profession PLUS (down from 7.21%).
Interest rates arel be revised annually to determine the rate based on the yield of the 10-year Treasury note supplemented by an "add-on" based on undergraduate, graduate or parent status. The interest rate will be fixed and remain at the rate set for the life of the loan.