Loan & Financial Awareness Committee

Loan Concerns Committee Meeting - Delafield WI, 7/26/2012

 

Committee Mission

Provide financial literacy resources to the Wisconsin Financial Aid Community through WASFAA Conference training and online support.

 

Want to  join this committee? Contact a Committee Chair!

Co -Chairs:

Jill Gosse - Senior Account Executive, Sallie Mae - jill.gosse@salliemae.com

Kristin Stuhr-Mootz -System Director of Educational Funding, Herzing College - kstuhrmootz@herzing.edu

 

 

Interest Rates For Federal Direct & Private Loans 

 Federal Loan Interest Rates as of July 1, 2016

Undergraduate Federal Direct Subsidized 3.76% (1.068% origination fee)
Undergraduate Federal Direct Unsubsidized 3.76% (1.068% origination fee)
Graduate Federal Direct Unsubsidized 5.31% (1.068% origination fee)
Federal Direct PLUS (parent and grad) 6.31% (4.272% origination fee)


Current Interest Rates*:

Prime: 3.50%
1-Month Libor 0.51656%
3-Month Libor 0.84067%
*www.fedprimerate.com

 

Data as of September 7, 2016

 

Do your students know what they owe? 

Refreshed in December 2016 these charts are intended to help borrowers see how the amount they borrow translate into what will become their monthly student loan payment.  Please feel to distribute these as needed:

 

Know What You Owe - Direct Subsidized/Unsubsidized Loan

Know What You Owe - Direct PLUS Loan 

 

 

 

 

 

Student Loan Repayment Resources

Contact DL Servicers

DL Servicers

School Lender Contact, Associate Members

Traditional Consolidation 

Public Service Loan Forgiveness

Teacher Loan Forgiveness

See more Tools & Resources