ED Releases 2014-15 Student Loan Interest Rates; NASFAA Projections Now Confirmed

The student loan interest rates for the 2014-15 academic year, announced today by the Department of Education in an electronic announcement, match the rates projected last week by NASFAA. The rates will be 4.66 percent for Federal Direct Stafford Loan (Subsidized and Unsubsidized) for undergraduate students; 6.21 percent for Federal Direct Unsubsidized Stafford Loan for graduate or professional students; and 7.21 percent for Federal Direct PLUS Loan for parents and graduate or professional students.

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