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%.
Only first -time borrowers on or after 7/1/13 are subject to the new provision. The current interest rate for Direct Subsidized/Unsubsidized Loans is determined each June for new loans being processed for the upcoming award year, which runs from July 1 to the following June 30. The fixed interest rate will be for the life of the loan.