Loan Rates for Federal Education Hit New Lows

Today the Treasury bill auction announced new all time low rates for federal education loans. This is for loans from given July 1, 2020 and June 30, 2021. Following are the new rates.

Undergraduate Direct Loans (Subsidized and Unsubsidized)

New rate - 2.75%

Current rate - 4.53%

Graduate Student Direct Loans (Unsubsidized)

New rate - 4.3%

Current rate - 6.08%

Grad PLUS Loans and Parent PLUS Loans

New rate - 5.3%

Current rate - 7.08%

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