Newsroom

Updating interest rates for 2018-19

By Beth Ziehmer

May 25, 2018

Students seeking a college education may perceive that interest rates are just a small part of financing an education. But we all know that interest rates can have a huge impact on how quickly the student loan debt grows. Therefore it's important that students are aware of their interest rates, especially as they move into repayment and manage finances after college.

Mapping Your Future staff have updated the counseling sessions, interest rate chart, and the website to reflect the interest rate changes on Direct Subsidized Loans and Direct PLUS Loans disbursed on or after July 1, 2018.

Updates were made to the following counseling sessions:

• Direct Loan entrance (English and Spanish)
• Direct Loan and Perkins combined entrance
• Direct PLUS entrance
• Direct Loan and Direct PLUS combined entrance

Mapping Your Future updated information online and on the downloadable chart to reflect the interest rate changes on Direct Subsidized Loans and Direct PLUS Loans disbursed on or after July 1, 2018. The updated printable interest rate chart is available in the Member resources section of the secure Access Area.

Contact the Mapping Your Future staff with questions at feedback@mappingyourfuture.org or (800) 374-4072.