Use the table below to review 2018-2019 Direct loan interest rates:
|Direct Loan Type||10-year Treasury Note Yield on 5/9/18||Direct Loan Rate Adjustment||2018-2019 Direct Loan Fixed Interest Rate||Increase from
2017-2018 Interest Rates
|Percentage Increase from 2017-2018 Rates|
As the table demonstrates, the borrowing costs for undergraduate students rose 13.48% from last year and graduate students will be paying a 10% higher interest rate than they did in the 2017-2018 school year.
Utilizing a reasonable amount of loans in a responsible manner can help pay for some college costs. However, use them as a last resort. Having a well-thought out college funding plan can help minimize or eliminate the need for using loans to pay college costs. Feel free to contact us to see if we can help you with reducing your college costs and paying as efficiently as possible.