What is the interest rate on MOHELA student loans?

The interest rate on MOHELA student loans varies depending on the specific loan program and the borrower's credit history. For federal student loans, the interest rates are set by the U.S. Department of Education and stay fixed throughout the life of the loan. As of current rates, undergraduate direct subsidized and unsubsidized loans have an interest rate of 2.75%, while graduate direct unsubsidized loans have an interest rate of 4.30%. Parent PLUS loans and graduate PLUS loans have a fixed interest rate of 5.30%. Private student loans offered by MOHELA typically have variable interest rates, which are determined by factors such as the borrower's creditworthiness and market conditions. It is advisable to check MOHELA's website or contact their customer service for the most up-to-date information on interest rates.