Direct Loan Interest Rates

Federal Direct Student Loan Interest Rates by Year

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, 2019 - June 30, 2020

4.53%

6.08%

7.08%

July 1, 2018 - June 30, 2019

5.045%

6.595%

7.595%

July 1, 2017 - June 30, 2018

4.45%

6.00%

7.00%

July 1, 2016 - June 30, 2017

3.76%

5.31%

6.31%

July 1, 2015 - June 30, 2016

4.29%

5.84%

6.84%

  • Go here for a more detailed history of interest rates.
  • 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.