Student loan interest rates drop for the 2015-2016 school year. The new rates for federal student loans go into effect for loans taken between July 1, 2015 and July 1, 2016. The new rates will allow students to borrow at a 4.29% interest rate for subsidized and unsubsidized loans, down from 4.66% in the last academic year. Graduate students will be able to borrow at 5.84 percent, down from 6.21%, and parents can borrow at 6.84 percent, down from 7.21%.
In the following interview on WFAA Channel 8 News, Cathy DeWitt Dunn dives into the subject of student loan interest rates. Read More