Western Illinois University: Macomb Campus
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2014-15 Federal Loan Rates Announced
Interest rates are established each year for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans for which the first disbursement is on or after July 1 through the following June 30. The rate is the sum of a uniform “index rate” plus an “add-on” that varies depending on the type of loan and whether the borrower is an undergraduate or a graduate/professional student.
The interest rate for a loan, once established, applies for the life of the loan – that is, the loan is a fixed-rate loan.
2014-2015 Interest Rates – Federal Direct Student Loans
|Undergraduate Students – Direct Subsidized/Unsubsidized Loan||4.66% Fixed|
|Graduate Students – Direct Unsubsidized Loan||6.21% Fixed|
|Graduate Students – Direct PLUS||7.21% Fixed|
|Parents – Direct PLUS||7.21% Fixed|