At a time when we can all use some good news, here’s some.
NASFAA (Nat’l. Assoc. of Student Financial Aid Advisors) advised yesterday afternoon that interest rates for federal loans disbursed on or after July 1, 2020 will drop sharply. The rate for undergraduate Direct Loans will drop to 2.75% and the rate for parent/graduate PLUS loans will drop to 5.30%. The interest rate for graduate/professional Direct Unsubsidized Loans will drop to 4.30%.