 TITLE: What Are the Current Interest Rates on Student Loans? CONTENT: Interest rates for federal loans adjust every year. According to Federal Student Aid, an office of the U.S. Department of Education, the rates for the 2018-2019 school year are:\n*   5.05% on direct loans for an undergraduate program.\n*   6.6% on direct loans for graduate and professional programs.\n*   7.6% on direct PLUS loans. Parents usually take these loans to help their children with college expenses.\nOn the other hand, the interest rates attached to private student loans are set by the financial institutions (banks, credit unions and online lenders), and these rates are in a constant state of flux. The rates for private undergraduate loans may range from a low of 4.20% to 13.49% today, but they probably won't stay this low or high tomorrow. END