New Federal Education Loan Interest Rates Effective July 1

Due to federal legislation recently passed by Congress, federal education loan interest rates, which went into effect on July 1, 2013, have changed. Below are the new rates:

Loan Program

Current Interest Rates by Program Type

PERKINS
for Students

5% fixed

STAFFORD
for Students

3.86% fixed - Undergrauate subsidized & unsubsidized

5.41% fixed - Graduate unsubsidized

PLUS
for Parents and Graduate
Professional Students

6.41% fixed



Visit http://studentaid.ed.gov/About/announcements/interest-rate to learn more.