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%|