Rarely do we get good news when it comes to student debt. But interest rates for the federal student loans you borrow for the 2019-20 veterinary school academic will be lower than last year.
Interest rates are updated each year using the high yield of the May U.S. 10-year treasury note. The high yield plus a factor for your Direct loan and school type sets the fixed rate you pay for the life of those loans received between this July 1st and next June 30th. As a veterinary student, the graduate/professional school Direct Unsubsidized loan interest rate will be 6.08%, down from 6.6% this past year. The Direct Graduate Plus loan rate will be 7.08%, down from 7.6% this past year.