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The Office of Financial Assistance News: NEW INTEREST RATES EFFECTIVE FOR ALL DIRECT LOANS WITH FIRST DISBURSEMENT ON OR AFTER JULY 1, 2013


Effective August 9, 2013, under the Bipartisan Student Loan Certainty Act of 2013 Direct Loan interest rates for 2013-14 are fixed as follows:

  • 3.86 percent for Direct Subsidized Loans and Direct Unsubsidized Loans for undergraduate students;
  • 5.41 percent for Direct Unsubsidized Loans for graduate/professional students; and
  • 6.41 percent for parent and graduate PLUS Loans.

These interest rates are effective for loans with a first disbursement on or after July 1, 2013.

Students who have any questions about their student loans are encouraged to contact the Office of Financial Assistance at (314) 340-3500. 

 

For more information on student loan interest rates visit: http://studentaid.ed.gov/types/loans/interest-rates.

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