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Direct Loan Interest Rates

Federal Direct Student Loan Interest Rates By Year

Federal loans must be repaid with interest. See the interest rates in the charts below. For a more detailed history of interest rates, visit Federal Interest Rates and Fees. Note that interest rates for the new academic year are generally determined in June.

A federal origination fee of approximately 1% is withheld at the time of disbursement for the Subsidized/Unsubsidized Loan and approximately 4% for the PLUS loan.

LOAN DISBURSEMENT PERIOD FEDERAL DIRECT SUBSIDIZED AND UNSUBSIDIZED LOANS FOR UNDERGRADUATE STUDENTS FEDERAL DIRECT UNSUBSIDIZED LOANS FOR GRADUATE/PROFESSIONAL STUDENTS FEDERAL DIRECT PARENT PLUS OR GRAD PLUS
July 1, 2021 - June 30, 2022 3.73% 5.28% 6.28%
July 1, 2020 - June 30, 2021 2.75% 4.30% 5.30%
July 1, 2019 - June 30, 2020 4.53% 6.08% 7.08%
July 1, 2018 - June 30, 2019 5.045% 6.595% 7.595%

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