Interest Rate On Student Loans 2024. We scored 15 lenders that make the most loans by volume across 18 data points in the categories of interest rates, fees, loan terms, hardship options, application process and eligibility. The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year.
The chart below shows the interest rates for direct subsidized loans, direct unsubsidized loans, and direct plus loans first disbursed on or after july 1, 2024 and before july 1,. The interest rate on federal direct.
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