Question:c What is the interest rate?
Answer: For the 2009-2010 award years, the Subsidized Loan interest rate will be 5.6%, and the Unsubsidized Loan interest rate will be 6.8%. The Parent Plus Loan interest rate will be 7.9% (subject to a credit check).
Financial Aid Direct Loan FAQs
How can Direct Loans help me go to college?
How do I apply?
What is the interest rate?
Is there a charge for this loan?
How will I receive my loan money?
When do I have to begin repaying my loan?
How much time will I have to repay my loan, and how much will I have to pay each month?
What happens if I don't repay my Direct Loan?