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2024 2024 Interest Rate Student Loans. Union finance minister nirmala sitharaman. Scheme to be launched for 1 crore youth with rs 5,000 stipend.

Loans for which the application was received on or after 2/1/1999 (any status) will have a fixed interest rate of the lesser of 8.25 percent or the weighted average of the loans. 6.533% for undergraduate federal direct stafford loans.