The 2016 - 2017 Interest Rates are here!
Each summer the federal government updates interest rates on new student loans for the following academic year. The new 2016-2017 interest rates (highlighted) for the student and PLUS loans have been released (below). The interest rates are slightly lower than 2014-2015 (4.66% and up), and are fixed for the life of the loan, unless you consolidate your loans, and then they will be averaged together and rounded. With this information, you have the opportunity to make your decision on whether you want to take out a student loan.
If you have any questions about your student loans, visit the Student Money Management Center!