SlideShare a Scribd company logo
NettWorth Financial Group
Jason Fuchs
*Wealth Manager
240 Canal Blvd, Ste 6
Ponte Vedra Beach, FL 32082
904-395-3806
Branch 904-834-2998
jfuchs@nettworth.us
http://www.jasonfuchs.com
Interest Rates Rise on Federal
Student Loans for 2018-2019
August 08, 2018
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018
Interest rates on federal student loans are set to rise for the second year in a row. This table shows the
interest rates for new loans made on or after July 1, 2018, through June 30, 2019. The interest rate is fixed
for the life of the loan.
New rate
2018-2019
Old rate
2017-2018
Available to Borrowing limits
Direct Stafford
Loans:
Subsidized
Undergraduates
5.045% 4.45% Undergraduate students
only
Subsidized loans are
based on financial need
as determined by the
federal aid application
(FAFSA)
For dependent undergraduates:
1st year: $5,500 ($3,500
subsidized)
2nd year: $6,500 ($4,500
subsidized)
3rd, 4th, 5th year: $7,500 ($5,500
subsidized)
Max: $31,000 ($23,000
subsidized)
Direct Stafford
Loans:
Unsubsidized
Undergraduates
5.045% 4.45% Undergraduate students
only; all students are
eligible regardless of
financial need
For dependent undergraduates:
1st year: $5,500 ($3,500
subsidized)
2nd year: $6,500 ($4,500
subsidized)
3rd, 4th, 5th year: $7,500 ($5,500
subsidized)
Max: $31,000 ($23,000
subsidized)
Direct Stafford
Loans:
Unsubsidized
Graduate or
Professional
Students
6.595% 6% Graduate or professional
students only; all
students are eligible
regardless of financial
need
Unsubsidized loans only
$20,500 per year (unsubsidized
only); max $138,500 ($65,500
subsidized)
Direct PLUS
Loans:
Parents and
Graduate or
Professional
Students
7.595% 7% Parents of dependent
undergraduate students
and graduate or
professional students
Unsubsidized loans only
Total cost of education, minus
any other aid received by student
or parent
Subsidized vs. unsubsidized
What's the difference? With
subsidized loans, the federal
government pays the interest
that accrues while the student
is in school, during the
six-month grace period after
graduation, and during any
loan deferment periods. With
unsubsidized loans, the
borrower is responsible for
paying the interest during these
periods. Only undergraduate
students are eligible for
subsidized loans, and eligibility
is based on demonstrated
financial need.
Page 1 of 2
August 08, 2018
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018
*Securities and advisory services offered through FSC Securities Corporation (FSC) member FINRA / SIPC . FSC is separately owned and other
entities and/or marketing names, products or services referenced here are independent of FSC. Your Company and/or representative Union
does not sponsor or endorse NettWorth. NettWorth Financial Group and FSC Securities Corporation are not affiliated or employed by your
Company and/or representative union.
This message may contain confidential information and is intended for use only by the addressee(s) named on this transmission.
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not
specific to any individual's personal circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose
of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her
individual circumstances. These materials are provided for general information and educational purposes based upon publicly available
information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these
materials may change at any time and without notice.
Page 2 of 2

More Related Content

What's hot

Family Finances Series: Separation and Single Parenting in the Military
Family Finances Series: Separation and Single Parenting in the MilitaryFamily Finances Series: Separation and Single Parenting in the Military
Family Finances Series: Separation and Single Parenting in the Military
MFLNFamilyDevelopmnt
 
ALTUM Investor presentation, June 2021
ALTUM Investor presentation, June 2021ALTUM Investor presentation, June 2021
ALTUM Investor presentation, June 2021
ALTUM
 
SCADC SHIP Services
SCADC SHIP ServicesSCADC SHIP Services
SCADC SHIP Services
Janice [Jan] Neal
 
Scholarships for Nontraditional Students
Scholarships for Nontraditional StudentsScholarships for Nontraditional Students
Scholarships for Nontraditional Students
Point University Online
 
FA_At a Glance_Brochure
FA_At a Glance_BrochureFA_At a Glance_Brochure
FA_At a Glance_BrochureJulie Griffin
 
BFDI Legal Advocacy: Program Intervention, Planning, and Evaluation Presentation
BFDI Legal Advocacy: Program Intervention, Planning, and Evaluation PresentationBFDI Legal Advocacy: Program Intervention, Planning, and Evaluation Presentation
BFDI Legal Advocacy: Program Intervention, Planning, and Evaluation Presentation
Latagia Copeland-Tyronce, MSW (Policy), BS(Hons.)
 
Tax Season for 529 Savings Plans
Tax Season for 529 Savings PlansTax Season for 529 Savings Plans
Tax Season for 529 Savings Plans
Sarah Cuddy
 
GSIS
GSISGSIS
ALTUM Investor presentation
ALTUM Investor presentationALTUM Investor presentation
ALTUM Investor presentation
ALTUM
 

What's hot (9)

Family Finances Series: Separation and Single Parenting in the Military
Family Finances Series: Separation and Single Parenting in the MilitaryFamily Finances Series: Separation and Single Parenting in the Military
Family Finances Series: Separation and Single Parenting in the Military
 
ALTUM Investor presentation, June 2021
ALTUM Investor presentation, June 2021ALTUM Investor presentation, June 2021
ALTUM Investor presentation, June 2021
 
SCADC SHIP Services
SCADC SHIP ServicesSCADC SHIP Services
SCADC SHIP Services
 
Scholarships for Nontraditional Students
Scholarships for Nontraditional StudentsScholarships for Nontraditional Students
Scholarships for Nontraditional Students
 
FA_At a Glance_Brochure
FA_At a Glance_BrochureFA_At a Glance_Brochure
FA_At a Glance_Brochure
 
BFDI Legal Advocacy: Program Intervention, Planning, and Evaluation Presentation
BFDI Legal Advocacy: Program Intervention, Planning, and Evaluation PresentationBFDI Legal Advocacy: Program Intervention, Planning, and Evaluation Presentation
BFDI Legal Advocacy: Program Intervention, Planning, and Evaluation Presentation
 
Tax Season for 529 Savings Plans
Tax Season for 529 Savings PlansTax Season for 529 Savings Plans
Tax Season for 529 Savings Plans
 
GSIS
GSISGSIS
GSIS
 
ALTUM Investor presentation
ALTUM Investor presentationALTUM Investor presentation
ALTUM Investor presentation
 

Similar to Interest rates rise on federal student loans for 2018 and 2019

Loan Options for Undergraduate Students
Loan Options for Undergraduate StudentsLoan Options for Undergraduate Students
Loan Options for Undergraduate StudentsHofstra University
 
Us fiscal issues larger deficits are driving up debt
Us fiscal issues larger deficits are driving up debtUs fiscal issues larger deficits are driving up debt
Us fiscal issues larger deficits are driving up debt
sumguyatvt
 
Ltc General
Ltc GeneralLtc General
Ltc General
Kelley McClure
 
PYA Webinar: Physician Practices Survival Tactics
PYA Webinar: Physician Practices Survival TacticsPYA Webinar: Physician Practices Survival Tactics
PYA Webinar: Physician Practices Survival Tactics
PYA, P.C.
 
Marriage and money taking a team approach to retirement
Marriage and money taking a team approach to retirementMarriage and money taking a team approach to retirement
Marriage and money taking a team approach to retirement
Jason Fuchs
 
Ltc Womens
Ltc WomensLtc Womens
Ltc Womens
Kelley McClure
 
Citi bank market report dec 2016
Citi bank market report dec 2016Citi bank market report dec 2016
Citi bank market report dec 2016
RK CHAKRAVARTHY
 
GSV Advisors Learning & Talent Technology Market Update [July 2018]
 GSV Advisors Learning & Talent Technology Market Update [July 2018] GSV Advisors Learning & Talent Technology Market Update [July 2018]
GSV Advisors Learning & Talent Technology Market Update [July 2018]
Jason Horne
 
The Debt Ceiling and the Road Ahead
The Debt Ceiling and the Road AheadThe Debt Ceiling and the Road Ahead
The Debt Ceiling and the Road Ahead
Jeff Green
 
CSINA-MLR-00013F_FinancialAidSummary
CSINA-MLR-00013F_FinancialAidSummaryCSINA-MLR-00013F_FinancialAidSummary
CSINA-MLR-00013F_FinancialAidSummaryBrian Boswell
 
The American Taxpayer Relief Act of 2012
The American Taxpayer Relief Act of 2012The American Taxpayer Relief Act of 2012
The American Taxpayer Relief Act of 2012
Jeff Green
 
1415 front desk presentation
1415 front desk presentation1415 front desk presentation
1415 front desk presentationTracy Adams
 
Trade finance – road map to an investor asset class
Trade finance – road map to an investor asset classTrade finance – road map to an investor asset class
Trade finance – road map to an investor asset class
Ivan James Petras
 
Responsible Conduct of International Research
Responsible Conduct of International ResearchResponsible Conduct of International Research
Responsible Conduct of International Research
Office of Research Information Services @ the University of Washington
 
Deduct Premiums for Long-Term Care?
Deduct Premiums for Long-Term Care?Deduct Premiums for Long-Term Care?
Deduct Premiums for Long-Term Care?
David Apted
 
The CARES Act: A Simple Summary for Investors
The CARES Act: A Simple Summary for InvestorsThe CARES Act: A Simple Summary for Investors
The CARES Act: A Simple Summary for Investors
Susan Langdon
 
Your Financial Future
Your Financial FutureYour Financial Future
Your Financial Future
Christian Phillips
 
INVESTMENT STRATEGY OPPORTUNITY FUND
INVESTMENT STRATEGY OPPORTUNITY FUNDINVESTMENT STRATEGY OPPORTUNITY FUND
INVESTMENT STRATEGY OPPORTUNITY FUND
Hint Creative Group
 
Avoid Mistakes in Buying LTC Insurance
 Avoid Mistakes in Buying LTC Insurance Avoid Mistakes in Buying LTC Insurance
Avoid Mistakes in Buying LTC Insurance
freddysaamy
 

Similar to Interest rates rise on federal student loans for 2018 and 2019 (20)

Loan Options for Undergraduate Students
Loan Options for Undergraduate StudentsLoan Options for Undergraduate Students
Loan Options for Undergraduate Students
 
Us fiscal issues larger deficits are driving up debt
Us fiscal issues larger deficits are driving up debtUs fiscal issues larger deficits are driving up debt
Us fiscal issues larger deficits are driving up debt
 
Ltc General
Ltc GeneralLtc General
Ltc General
 
PYA Webinar: Physician Practices Survival Tactics
PYA Webinar: Physician Practices Survival TacticsPYA Webinar: Physician Practices Survival Tactics
PYA Webinar: Physician Practices Survival Tactics
 
Marriage and money taking a team approach to retirement
Marriage and money taking a team approach to retirementMarriage and money taking a team approach to retirement
Marriage and money taking a team approach to retirement
 
Ltc Womens
Ltc WomensLtc Womens
Ltc Womens
 
Citi bank market report dec 2016
Citi bank market report dec 2016Citi bank market report dec 2016
Citi bank market report dec 2016
 
GSV Advisors Learning & Talent Technology Market Update [July 2018]
 GSV Advisors Learning & Talent Technology Market Update [July 2018] GSV Advisors Learning & Talent Technology Market Update [July 2018]
GSV Advisors Learning & Talent Technology Market Update [July 2018]
 
The Debt Ceiling and the Road Ahead
The Debt Ceiling and the Road AheadThe Debt Ceiling and the Road Ahead
The Debt Ceiling and the Road Ahead
 
CSINA-MLR-00013F_FinancialAidSummary
CSINA-MLR-00013F_FinancialAidSummaryCSINA-MLR-00013F_FinancialAidSummary
CSINA-MLR-00013F_FinancialAidSummary
 
The American Taxpayer Relief Act of 2012
The American Taxpayer Relief Act of 2012The American Taxpayer Relief Act of 2012
The American Taxpayer Relief Act of 2012
 
1415 front desk presentation
1415 front desk presentation1415 front desk presentation
1415 front desk presentation
 
Trade finance – road map to an investor asset class
Trade finance – road map to an investor asset classTrade finance – road map to an investor asset class
Trade finance – road map to an investor asset class
 
Responsible Conduct of International Research
Responsible Conduct of International ResearchResponsible Conduct of International Research
Responsible Conduct of International Research
 
Deduct Premiums for Long-Term Care?
Deduct Premiums for Long-Term Care?Deduct Premiums for Long-Term Care?
Deduct Premiums for Long-Term Care?
 
The CARES Act: A Simple Summary for Investors
The CARES Act: A Simple Summary for InvestorsThe CARES Act: A Simple Summary for Investors
The CARES Act: A Simple Summary for Investors
 
Your Financial Future
Your Financial FutureYour Financial Future
Your Financial Future
 
INVESTMENT STRATEGY OPPORTUNITY FUND
INVESTMENT STRATEGY OPPORTUNITY FUNDINVESTMENT STRATEGY OPPORTUNITY FUND
INVESTMENT STRATEGY OPPORTUNITY FUND
 
adv_paying
adv_payingadv_paying
adv_paying
 
Avoid Mistakes in Buying LTC Insurance
 Avoid Mistakes in Buying LTC Insurance Avoid Mistakes in Buying LTC Insurance
Avoid Mistakes in Buying LTC Insurance
 

Recently uploaded

La transidentité, un sujet qui fractionne les Français
La transidentité, un sujet qui fractionne les FrançaisLa transidentité, un sujet qui fractionne les Français
La transidentité, un sujet qui fractionne les Français
Ipsos France
 
EXPERIENCE MONSTER BITES STREETWEAR APPAREL
EXPERIENCE MONSTER BITES STREETWEAR APPARELEXPERIENCE MONSTER BITES STREETWEAR APPAREL
EXPERIENCE MONSTER BITES STREETWEAR APPAREL
6ctbkfpdxz
 
Unique Wedding Bands For Women Who Want To Stand Out.pptx
Unique Wedding Bands For Women Who Want To Stand Out.pptxUnique Wedding Bands For Women Who Want To Stand Out.pptx
Unique Wedding Bands For Women Who Want To Stand Out.pptx
Andrews Jewelers
 
erevna-influencers-social-media-stin-ellada
erevna-influencers-social-media-stin-elladaerevna-influencers-social-media-stin-ellada
erevna-influencers-social-media-stin-ellada
rvlassopoulou
 
From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...
From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...
From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...
Kitchen on Fire
 
30 Manipulation Techniques to be a smart person in society (1).pdf
30 Manipulation Techniques to be a smart person in society (1).pdf30 Manipulation Techniques to be a smart person in society (1).pdf
30 Manipulation Techniques to be a smart person in society (1).pdf
minaserver6679
 
Johnny Depp Long Hair: A Signature Look Through the Years
Johnny Depp Long Hair: A Signature Look Through the YearsJohnny Depp Long Hair: A Signature Look Through the Years
Johnny Depp Long Hair: A Signature Look Through the Years
greendigital
 
Gujarat Details in Hindi for children's for presentation in school
Gujarat Details in Hindi for children's for presentation in schoolGujarat Details in Hindi for children's for presentation in school
Gujarat Details in Hindi for children's for presentation in school
shouryajoshi5
 
What Makes Candle Making The Ultimate Bachelorette Celebration
What Makes Candle Making The Ultimate Bachelorette CelebrationWhat Makes Candle Making The Ultimate Bachelorette Celebration
What Makes Candle Making The Ultimate Bachelorette Celebration
Wick & Pour
 
What To Do If Your Ring Is Too Big? Must Read
What To Do If Your Ring Is Too Big? Must ReadWhat To Do If Your Ring Is Too Big? Must Read
What To Do If Your Ring Is Too Big? Must Read
Andrews Jewelers
 

Recently uploaded (10)

La transidentité, un sujet qui fractionne les Français
La transidentité, un sujet qui fractionne les FrançaisLa transidentité, un sujet qui fractionne les Français
La transidentité, un sujet qui fractionne les Français
 
EXPERIENCE MONSTER BITES STREETWEAR APPAREL
EXPERIENCE MONSTER BITES STREETWEAR APPARELEXPERIENCE MONSTER BITES STREETWEAR APPAREL
EXPERIENCE MONSTER BITES STREETWEAR APPAREL
 
Unique Wedding Bands For Women Who Want To Stand Out.pptx
Unique Wedding Bands For Women Who Want To Stand Out.pptxUnique Wedding Bands For Women Who Want To Stand Out.pptx
Unique Wedding Bands For Women Who Want To Stand Out.pptx
 
erevna-influencers-social-media-stin-ellada
erevna-influencers-social-media-stin-elladaerevna-influencers-social-media-stin-ellada
erevna-influencers-social-media-stin-ellada
 
From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...
From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...
From Stress to Success How Oakland's Corporate Wellness Programs are Cultivat...
 
30 Manipulation Techniques to be a smart person in society (1).pdf
30 Manipulation Techniques to be a smart person in society (1).pdf30 Manipulation Techniques to be a smart person in society (1).pdf
30 Manipulation Techniques to be a smart person in society (1).pdf
 
Johnny Depp Long Hair: A Signature Look Through the Years
Johnny Depp Long Hair: A Signature Look Through the YearsJohnny Depp Long Hair: A Signature Look Through the Years
Johnny Depp Long Hair: A Signature Look Through the Years
 
Gujarat Details in Hindi for children's for presentation in school
Gujarat Details in Hindi for children's for presentation in schoolGujarat Details in Hindi for children's for presentation in school
Gujarat Details in Hindi for children's for presentation in school
 
What Makes Candle Making The Ultimate Bachelorette Celebration
What Makes Candle Making The Ultimate Bachelorette CelebrationWhat Makes Candle Making The Ultimate Bachelorette Celebration
What Makes Candle Making The Ultimate Bachelorette Celebration
 
What To Do If Your Ring Is Too Big? Must Read
What To Do If Your Ring Is Too Big? Must ReadWhat To Do If Your Ring Is Too Big? Must Read
What To Do If Your Ring Is Too Big? Must Read
 

Interest rates rise on federal student loans for 2018 and 2019

  • 1. NettWorth Financial Group Jason Fuchs *Wealth Manager 240 Canal Blvd, Ste 6 Ponte Vedra Beach, FL 32082 904-395-3806 Branch 904-834-2998 jfuchs@nettworth.us http://www.jasonfuchs.com Interest Rates Rise on Federal Student Loans for 2018-2019 August 08, 2018 Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018 Interest rates on federal student loans are set to rise for the second year in a row. This table shows the interest rates for new loans made on or after July 1, 2018, through June 30, 2019. The interest rate is fixed for the life of the loan. New rate 2018-2019 Old rate 2017-2018 Available to Borrowing limits Direct Stafford Loans: Subsidized Undergraduates 5.045% 4.45% Undergraduate students only Subsidized loans are based on financial need as determined by the federal aid application (FAFSA) For dependent undergraduates: 1st year: $5,500 ($3,500 subsidized) 2nd year: $6,500 ($4,500 subsidized) 3rd, 4th, 5th year: $7,500 ($5,500 subsidized) Max: $31,000 ($23,000 subsidized) Direct Stafford Loans: Unsubsidized Undergraduates 5.045% 4.45% Undergraduate students only; all students are eligible regardless of financial need For dependent undergraduates: 1st year: $5,500 ($3,500 subsidized) 2nd year: $6,500 ($4,500 subsidized) 3rd, 4th, 5th year: $7,500 ($5,500 subsidized) Max: $31,000 ($23,000 subsidized) Direct Stafford Loans: Unsubsidized Graduate or Professional Students 6.595% 6% Graduate or professional students only; all students are eligible regardless of financial need Unsubsidized loans only $20,500 per year (unsubsidized only); max $138,500 ($65,500 subsidized) Direct PLUS Loans: Parents and Graduate or Professional Students 7.595% 7% Parents of dependent undergraduate students and graduate or professional students Unsubsidized loans only Total cost of education, minus any other aid received by student or parent Subsidized vs. unsubsidized What's the difference? With subsidized loans, the federal government pays the interest that accrues while the student is in school, during the six-month grace period after graduation, and during any loan deferment periods. With unsubsidized loans, the borrower is responsible for paying the interest during these periods. Only undergraduate students are eligible for subsidized loans, and eligibility is based on demonstrated financial need. Page 1 of 2
  • 2. August 08, 2018 Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2018 *Securities and advisory services offered through FSC Securities Corporation (FSC) member FINRA / SIPC . FSC is separately owned and other entities and/or marketing names, products or services referenced here are independent of FSC. Your Company and/or representative Union does not sponsor or endorse NettWorth. NettWorth Financial Group and FSC Securities Corporation are not affiliated or employed by your Company and/or representative union. This message may contain confidential information and is intended for use only by the addressee(s) named on this transmission. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. Page 2 of 2