Federal Direct Loans

Interest Rates

Loan Type Borrower Type Loans first disbursed on or after 7/1/15 and before 7/1/16 Loans first disbursed on or after 7/1/16 and before 7/1/17 Loans first disbursed on or after 7/1/17 and before 7/1/18
Direct Subsidized Loans Undergraduate 4.29%


3.76%


4.45%

Direct Unsubsidized Loans Undergraduate 4.29%


3.76%


4.45%
Direct Unsubsidized Loans Graduate or Professional 5.84%


5.31%


6.00%

There is a loan origination fee on all Direct Subsidized and Direct Unsubsidized Loans. The loan fee is a percentage of the loan amount and is deducted from each loan when it pays. The current loan origination fee is 1.069%.