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Good afternoon, FA community!</div>
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We've updated all <b>EY</b> Loan Debt Letters to reflect the<b> </b>interest rate increase announced in the Electronic Announcement dated May 14, 2024.</div>
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<b><i><a title="http://nasfaa.informz.net/z/cjUucD9taT0xMTA3MDYyOCZwPTEmdT0xMTY3MjIyMzAyJmxpPTEwMTk4MDIyMw/index.html" class="OWAAutoLink" id="OWA1338ee36-19eb-b772-9aa5-7b4e9e9e49a5" target="_blank" href="https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2025-05-30/interest-rates-direct-loans-first-disbursed-between-july-1-2025-and-june-30-2026">Federal
Student Loan Interest Rates for 2025-26 Award Year Set to Slightly Decrease</a></i></b></div>
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<i>Interest rates are determined each June 1 for the upcoming award year by adding a fixed percentage to the high yield of the 10-year Treasury note auctioned at the final auction prior to June 1. As a result of the
<a title="https://nasfaa.informz.net/z/cjUucD9taT0xMTk5Njc4NCZwPTEmdT0xMTgxODgyNjk1JmxpPTExNjA0NTg3Mg/index.html" class="OWAAutoLink" id="OWA6da15f62-fed1-96c1-8ac5-2b800d6027d5" target="_blank" href="https://nasfaa.informz.net/z/cjUucD9taT0xMTk5Njc4NCZwPTEmdT0xMTgxODgyNjk1JmxpPTExNjA0NTg3Mg/index.html">
May 6 auction</a>, the interest rate for federal loans first disbursed on or after July 1, 2025 are expected to slightly decrease from 6.53% to 6.39% for undergraduate Direct Loans, from 8.08% to 7.94% for graduate/professional Direct Unsubsidized Loans, and
9.08% to 8.94% for Parent and Grad PLUS loans. The interest rate caps for these loans are 8.25%, 9.5 %, and 10.5%, respectively. Federal Student Aid (FSA)
<a title="https://nasfaa.informz.net/z/cjUucD9taT0xMTk5Njc4NCZwPTEmdT0xMTgxODgyNjk1JmxpPTExNjA0NTg3Mw/index.html" class="OWAAutoLink" id="OWA8b4b8d37-e4da-3e3d-998b-327d16222711" target="_blank" href="https://nasfaa.informz.net/z/cjUucD9taT0xMTk5Njc4NCZwPTEmdT0xMTgxODgyNjk1JmxpPTExNjA0NTg3Mw/index.html">
released a chart</a> explaining the changes.</i></div>
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<b>IMPORTANT </b>Go to your <b>EY</b> Run Control ID to confirm that the new interest rate displays on the EY letter option. If you see an old interest rate, you may need to jiggle your EY Run Control.</div>
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Please take the following steps to jiggle your <b>EY</b> Loan Debt Letter Run Control ID.</div>
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1. Navigate to <u>Navigator > HighPoint > Message Center > Processes > Send Messages</u></div>
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2. Select your <b>EY Loan Debt Letter</b> <b>Run Control ID</b></div>
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3. Select the <b>blank option</b> on the <i>Letter</i> dropdown menu</div>
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<img style="width: 613px; height: 236px; max-width: 1043px;" size="37705" height="236" width="613" alt="Screenshot of the Loan Debt Letter run control with arrow pointing to Letter Field" data-outlook-trace="F:1|T:1" src="cid:4918b1dc-5042-4cfb-b23b-c070825ca116"></div>
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2. Re-select the <b>Loan Debt Letter EY</b>, confirm the text now says, 6.39% then select
<b>Save</b>.</div>
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<img style="width: 624px; height: 350px; max-width: 1043px;" size="52048" height="350" width="624" data-outlook-trace="F:1|T:1" src="cid:dc913bca-20d2-471f-a5d7-c3db8a4cdeef"></div>
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For more information on the Loan Debt Letter, please look at the <i>Loan Debt Letter</i> section in the
<i>Loan Processing Guide</i> (<a title="https://ctclinkreferencecenter.ctclink.us/m/92436/l/798572-loan-processing-business-process-guide" class="OWAAutoLink" id="OWAaa7b429b-d255-8bf0-febd-0d5a11e1eca8" target="_blank" href="https://ctclinkreferencecenter.ctclink.us/m/92436/l/798572-loan-processing-business-process-guide">Loan
Processing Business Process Guide | 9.2 FA - Financial Aid Business Process Guides | ctcLink Reference Center</a>)</div>
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Thank you!</div>
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<img style="width: 0.7916in; height: 1.4791in; min-width: auto; min-height: auto; margin: 0px; float: left;" height="141" width="75" alt="Compass" data-outlook-trace="F:1|T:1" src="cid:f5718872-5451-4f94-8eaf-3f41092114be"></p>
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<span style="font-family: "Calibri Light", sans-serif; font-size: 14pt; color: rgb(68, 84, 106);"><b><br>
</b></span></p>
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<span style="font-family: "Calibri Light", sans-serif; font-size: 14pt; color: rgb(68, 84, 106);"><b>Britney Corbitt</b></span></p>
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<span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(68, 84, 106);"><b>Functional Analyst, Campus Solutions (Financial Aid)</b></span></p>
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<span style="font-family: "Calibri Light", sans-serif; font-size: 10pt;">Washington State Board for Community and Technical Colleges</span></p>
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<span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(5, 99, 193);"><u><a style="margin-top: 0px; margin-bottom: 0px;" title="mailto:bcorbitt@sbctc.edu" class="OWAAutoLink" id="OWA1a7e1d88-12ef-a88d-8653-16632ad46973" href="mailto:bcorbitt@sbctc.edu">bcorbitt@sbctc.edu</a></u></span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(0, 53, 97);"> </span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(31, 73, 125);">
o: </span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt;">360-704-1841</span></p>
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<span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(5, 99, 193);"><u><a style="color: rgb(5, 99, 193); margin: 0px;" data-auth="NotApplicable" data-linkindex="2" rel="noopener noreferrer" class="OWAAutoLink" id="OWA35c60b10-c2e4-94f0-92cb-680321833d90" target="_blank" href="https://www.sbctc.edu/">sbctc.edu</a></u></span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(0, 53, 97);"> </span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(31, 73, 125);">
</span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt;">Twitter:</span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(0, 55, 100);"> </span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(5, 99, 193);"><u><a style="color: rgb(5, 99, 193); margin: 0px;" data-auth="NotApplicable" data-linkindex="3" rel="noopener noreferrer" class="OWAAutoLink" id="OWAb7d2c106-8ccf-e133-3372-d85e27053aec" target="_blank" href="https://twitter.com/SBCTCWashington">@SBCTCWashington</a></u></span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(0, 55, 100);"> </span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(31, 73, 125);">
</span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt;">Facebook:</span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(31, 73, 125);"> </span><span style="font-family: "Calibri Light", sans-serif; font-size: 10pt; color: rgb(5, 99, 193);"><u><a style="color: rgb(5, 99, 193); margin: 0px;" data-auth="NotApplicable" data-linkindex="4" rel="noopener noreferrer" class="OWAAutoLink" id="OWA0be5d738-a8fd-6eac-65bd-098c0ac11dc6" target="_blank" href="https://www.facebook.com/wasbctc/">@WASBCTC</a></u></span></p>
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