{
  "academic_year_label": "2024-25 (first disbursement Jul 1, 2024 – Jun 30, 2025)",
  "federal_direct_fixed_rates": [
    {
      "name": "Direct Subsidized & Unsubsidized (undergraduate)",
      "rate_percent": 6.53
    },
    {
      "name": "Direct Unsubsidized (graduate/professional)",
      "rate_percent": 8.08
    },
    {
      "name": "Direct PLUS (parent & grad/professional)",
      "rate_percent": 9.08
    }
  ],
  "source_note": "Fixed rates set annually for new loans; see Federal Student Aid / ED announcements for the disbursement window. Private refinance loans use lender-specific pricing."
}