Direct Loan Interest Rates
Direct Student Loans |
||
| Interest Rate | Applicable Loans | Effective Disbursement Dates |
| 5.50% fixed | New Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2023 to June 30, 2024 |
| 7.05% fixed | New Unsubsidized Loans for GRADUATE Students | July 1, 2023, to June 30, 2024 |
| 4.99% fixed | New Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2022 to June 30, 2023 |
| 6.54% fixed | New Unsubsidized Loans for GRADUATE Students | July 1, 2022 to June 30, 2023 |
| 3.73% fixed | New Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2021 to June 30, 2022 |
| 5.28% fixed | New Unsubsidized Loans for GRADUATE Students | July 1, 2021 to June 30, 2022 |
| 2.75% fixed | New Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2020 to June 30, 2021 |
| 4.30% fixed | New Unsubsidized Loans for GRADUATE Students | July 1, 2020 to June 30, 2021 |
| 4.53% fixed | New Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2019 to June 30, 2020 |
| 6.08% | New Unsubsidized Loans for GRADUATE Students | July 1, 2019 to June 30, 2020 |
| 5.05% | New and Existing Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2018 to June 30, 2019 |
| 6.6% | New and Existing Unsubsidized Loans for GRADUATE Students | July 1, 2018 to June 30, 2019 |
| 4.45% fixed | New and Existing Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2017 to June 30, 2018 |
| 6.00% fixed | New and Existing Unsubsidized Loans for GRADUATE Students | July 1, 2017 to June 30, 2018 |
| 3.76% fixed | New and Existing Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2016 to June 30, 2017 |
| 5.31% fixed | New and Existing Unsubsidized Loans for GRADUATE Students | July 1, 2016 to June 30, 2017 |
| 4.29% fixed | New and Existing Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2015 to June 30, 2016 |
| 5.84% fixed | New and Existing Unsubsidized Loans for GRADUATE Students | July 1, 2015 to June 30, 2016 |
| 4.66% fixed | New and Existing Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2014 to June 30, 2015 |
| 6.21% fixed | New and Existing Unsubsidized Loans for GRADUATE Students | July 1, 2014 to June 30, 2015 |
| 3.86% fixed | New and Existing Subsidized and Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2013 to June 30, 2014 |
| 5.41% fixed | New and Existing Unsubsidized Loans for GRADUATE Students | July 1, 2013 to June 30, 2014 |
| 3.40% fixed | Existing Subsidized Loans for UNDERGRADUATE Students | July 1, 2011 to June 30, 2013 |
| 6.80% fixed | Existing Unsubsidized Loans for UNDERGRADUATE Students | July 1, 2006 to June 30, 2013 |
| Existing Subsidized and Unsubsidized Loans for GRADUATE Students* | ||
| 1.75% variable | Existing loans with in-school, in-grace, or in-deferment status | July 1, 1998 to June 30, 2006 |
| 2.35% variable | Existing loans in replayment | July 1, 1998 to June 30, 2006 |
* Effective for loans made for payment periods that begin on or after July 1, 2012, graduate and professional students are no longer eligible to receive subsidized loans. However, if you are a graduate or professional student, you may still qualify for up to $20,500 in unsubsidized loans each year.
Direct PLUS and Grad PLUS Loans |
||
|---|---|---|
| Interest Rate | Applicable Loans | Effective Disbursement Dates |
| 8.05% fixed | New Loans | July 1, 2023 to June 30, 2024 |
| 7.54% fixed | New Loans | July 1, 2022 to June 30, 2022 |
| 6.28% fixed | New Loans | July 1, 2021 to June 30, 2022 |
| 5.30% fixed | New Loans | July 1, 2020 to June 30, 2021 |
| 7.08% | New Loans | July 1, 2019 to June 30, 2020 |
| 7.6% | New and Existing Loans | July 1, 2018 to June 30, 2019 |
| 7.00% fixed | New and Existing Loans | July 1, 2017 to June 30, 2018 |
| 6.31% fixed | New and Existing Loans | July 1, 2016 to June 30, 2017 |
| 6.84% fixed | New and Existing Loans | July 1, 2015 to June 30, 2016 |
| 7.21% fixed | New and Existing Loans | July 1, 2014 to June 30, 2015 |
| 6.41% fixed | New and Existing Loans | July 1, 2013 to June 30, 2014 |
| 7.90% fixed | Existing Loans | July 1, 2006 to June 30, 2013 |
| 3.15% fixed | Existing Loans | July 1, 1998 to June 30, 2006 |