Tip of the Week
Updating interest rates
New student loan borrowers will be facing higher interest rates starting July 1.
To help students know the upcoming July 1 interest rates, Mapping Your Future staff recently updated several references to interest rates. The new rates were announced in a May 14 Electronic Announcement.
Updates were completed on the:
- Printable Student Loan Interest Rate chart covering Direct Loan, Direct PLUS, and Perkins Loan interest rates.
- Direct Subsidized or Unsubsidized Loan interest rates page
- Direct PLUS Loans for graduate and professional students page
- Direct PLUS Loans for parents page
- Direct Loan entrance counseling presentation, available on the Financial Aid Professionals page
Contact the Mapping Your Future staff with questions at feedback@mappingyourfuture.org or (800) 374-4072.
In other student loan news announced today: Borrowers now have until June 30 to consolidate their federal loans to receive credit toward forgiveness under the Income-Based Repayment program or Public Service Loan Forgiveness.
