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Direct Loan Interest Rates

 

Direct Student Loans

Interest Rate  Applicable Loans Effective Disbursement Dates
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
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