Lower interest rates have taken effect for new Direct Stafford,
Graduate PLUS and Parent PLUS loans As of July 1, 2015, the rates
on student and parent loans issued under the Federal Direct Loan
Program during the 2015-16 award year fell nearly two fifths of a
percentage point from the rates charged on loans issued during the
2014-15 financial aid award year.
As shown in the accompanying table, the interest rates on Direct
Loans issued from July 1, 2015, through June 30, 2016, will range