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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 PERIODFEDERAL DIRECT SUBSIDIZED AND UNSUBSIDIZED LOANS FOR UNDERGRADUATE STUDENTSFEDERAL DIRECT UNSUBSIDIZED LOANS FOR GRADUATE/PROFESSIONAL STUDENTSFEDERAL DIRECT PARENT PLUS OR GRAD PLUS
July 1, 2021 - June 30, 20223.73%5.28%6.28%
July 1, 2020 - June 30, 20212.75%4.30%5.30%
July 1, 2019 - June 30, 20204.53%6.08%7.08%
July 1, 2018 - June 30, 20195.045%6.595%7.595%

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