Recent high school graduates have reason to celebrate. Along with the milestone of attaining high school diplomas, students have the good fortune of lower interest rates on their Federal Direct Student Loans. This is the first student loan interest rate decrease in three years. For the 2019-2020 academic year, the interest rate on undergraduate subsidized and unsubsidized loans will decrease from 5.05% to 4.529%. The rate on the Parent PLUS loan will also decrease from 7.6% to 7.079%. Borrowers currently in college will be able to take advantage of the lower rates on loans issued on or after July 1, 2019. Let the celebration begin.