Loan & Financial Awareness

About

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

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 Stafford Direct Subsidized/Unsubsidized Loans

Know What You Owe Stafford Direct PLUS Loans





Chair(s)

Members

Copyright (c) 2016 - all rights reserved

WASFAA is a 501(c)3 non-profit organization.

Powered by Wild Apricot Membership Software