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Second Opinion

Learn about policy issues important to medical schools and teaching hospitals, with Executive Vice President Atul Grover, M.D., Ph.D.

Washington Highlights

Federal Student Loan Interest Rates Scheduled to Decrease

May 15, 2015—On May 13, interest rates for Department of Education Direct student loans during the upcoming 2015-2016 academic year were set to decrease by 0.37 percentage points compared to current rates. As a result, interest rates for medical students’ Direct Loans and Direct GradPLUS loans will drop to 5.84 percent and 6.84 percent, respectively.

The new interest rates apply to loans first disbursed on or after July 1, 2014, and before July 1, 2015.

Interest rates are fixed each year based on the 10-year Treasury note under legislation passed in 2013 [see Washington Highlights, Aug. 2, 2013].

Contact:

Matthew Shick, JD
Director, Gov't Relations & Regulatory Affairs
Telephone: 202-862-6116
Email: mshick@aamc.org

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Washington Highlights, a weekly electronic newsletter, features brief updates on the latest legislative and regulatory activities affecting medical schools and teaching hospitals.


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For More Information

Jason Kleinman
Sr. Legislative Analyst, Govt. Relations
Telephone: 202-903-0806
Email: jkleinman@aamc.org