Close MenuClose
Close Menu

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%

Resources and Next Steps