The following is a record of each ratified amendment and the states and dates that led to the ratification. The Constitutional Timeline and the Ratification Grid may also be of interest.
Federal Direct Student Loan. 2016â2017 Interest Rates. For Federal Direct Student Loans with a first disbursement date between July 1, 2016 and June 30, 2017, the following rates are fixed for the life of the loan: Direct Subsidized Loans and Direct Unsubsidized. Loans for Undergraduate Students 3.76%.
Each loan has a six month grace period after the student graduates, withdraws, or is enrolled less than half-time. Loan Fees. Direct Subsidized and Unsubsidized loans that are disbursement on or after October 1, 2014 will have a 1.073% origination fee taken out of the loan funds before disbursement.Loans that are disbursement on or after October 1, 2015 will have a 1.068% origination fee taken out of the loan funds before disbursement.Interest Rates. Currently, the interest rate for Undergraduates (subsidized and unsubsidized loans) is fixed at 4.29%.ffective July 1, 2013, first-time* Direct Loan borrowers are limited in the amount of time they can receive Direct Subsidized Loans. Borrowers may receive Direct Subsidized Loans for no more than 150% of the length of the studentâs current academic program (ex. 6 years for a 4-year program).