Direct Loan Interest Rates

Federal Direct Student Loan Interest Rates by Year

Loan Disbursement Period

Federal Direct Subsidized Loans for Undergraduate Students Only

Federal Direct Unsubsidized Loans for Undergraduate Students Only

Federal Direct Subsidized Loans for Graduate/Professional Students Only

Federal Direct Unsubsidized Loans for Graduate/Professional Students Only

Federal Direct Parent *PLUS or Grad PLUS

July 1, 2015 - June 30, 2016

4.29%

4.29%

Not available per Dept. of Education

5.84%

6.84%

July 1, 2014 - June 30, 2015

4.66%

4.66%

Not available per Dept. of Education

6.21%

7.21%

July 1, 2013 - June 30, 2014

3.86%

3.86%

Not available per Dept. of Education

5.41%

6.41%

July 1, 2012 - June 30, 2013

3.4%

6.8%

Not available per Dept. of Education

6.8%

7.9%

July 1, 2011 - June 30, 2012

3.4%

6.8%

6.8%

6.8%

7.9%

July 1, 2010 - June 30, 2011

4.5%

6.8%

6.8%

6.8%

7.9%

July 1, 2009 - June 30, 2010

5.6%

6.8%

6.8%

6.8%

7.9%

July 1, 2008 - June 30, 2009

6.0%

6.8%

6.8%

6.8%

7.9%

July 1, 2007 - June 30, 2008

6.8%

6.8%

6.8%

6.8%

7.9%

July 1, 2006 - June 30, 2007

6.8%

6.8%

6.8%

6.8%

7.9%

The lender will also withhold a loan origination fee each disbursement

* For FFELP PLUS Loans prior to 2010-11, the interest rate was 8.5%.