New Direct Loan Interest Rates
The President has signed the Bipartisan Student Loan Certainty Act of 2013. This means that the new federal student loan interest rates are now official! For this academic year the interest rates are:
• 3.86% fixed for undergraduate level Subsidized
& Unsubsidized Federal Stafford Loans
• 5.41% fixed for graduate level Unsubsidized
Federal Stafford Loans
• 6.41% fixed for Federal Parent PLUS Loans
& Federal Graduate PLUS Loans
For more information about this act and how it will effect student loan interest rates in future years please visit studentaid.ed.gov.
Changing Loan Origination Fees
The Origination Fee is changing for Federal Direct Loans disbursed after December 1st, 2013. For Subsidized/Unsubsidized Federal Stafford Loans it will be 1.072% and for Federal Parent/Grad PLUS Loans it will be 4.288%.
New Student Checklist
New to IUPUI? We have written a blog post just for you! Read over our “New Student Checklist” to make sure you’ve completed all the necessary steps to receive your financial aid: iupuiosfs.blogspot.com.
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