The Department of Student Financial Aid is now located in Dykes Library, Room G035. We are open from 8:00 am to 5:00 pm Monday through Friday. Financial Aid information can be found on this website or by contacting our office directly. Please see the Contact Us section for details.
Congress has passed and the President has signed the Bipartisan Student Loan Certainty Act of 2013, which ties federal student loan interest rates to financial markets. Under this Act, interest rates will be determined each June for new loans being made for the upcoming award year, which runs from July 1 to the following June 30. Each loan will have a fixed interest rate for the life of the loan.
The following table provides the interest rates for new Direct Loans disbursed on or after July 1, 2014, and before July 1, 2015. These rates will apply to all new Direct Loans disbursed during this time.
|Direct Subsidized Loans (Undergraduates)||4.66%|
|Direct Unsubsidized Loans (Undergraduates)||4.66%|
|Direct Unsubsidized Loans ( Graduate or Professional Students)||6.21%|
|Direct PLUS Loans (Parents and Graduate or Professional Students)||7.21%|
More information can be found at http://studentaid.ed.gov/About/announcements/interest-rate