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Federal Student Loan Interest Rates Decrease for 2019-2020

For the first time in three years, interest rates on federal student loans will decrease for the 2019-2020 academic year. The lower rates apply to new federal student loans made on or after July 1, 2019, through June 30, 2020. The interest rate is fixed for the life of the loan.

 

College fund written on a jar and money

Subsidized vs. unsubsidized
What’s the difference? With
subsidized loans, the federal
government pays the interest
that accrues while the student
is in school, during the
six-month grace period after
graduation, and during any
loan deferment periods. With
unsubsidized loans, the
borrower is responsible for
paying the interest during these
periods. Only undergraduate
students are eligible for
subsidized loans, and eligibility
is based on demonstrated
financial need.

2019-2020 Student Loan Rate Chart

 

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019


IMPORTANT DISCLOSURES

Ballast Advisors, LLC is a registered investment advisor under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training.More information about the firm, including its services, strategies, and fees can be found in our ADV Part 2, which is available without charge upon request.

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.