Federal Direct Loans
Interest Rates
|
Loan Type |
Borrower Type |
Loans first disbursed on or after July 1, 2021 and before July 1, 2022 |
Loans first disbursed on or after July 1, 2022 and before July 1, 2023 |
Loans first disbursed on or after July 1, 2023 and before July 1 2024 |
|---|---|---|---|---|
| Direct Subsidized Loans | Undergraduate |
3.73% |
4.49% |
5.50% |
| Direct Unsubsidized Loans | Undergraduate | 3.73% | 4.99% | 5.50% |
| Direct Unsubsidized Loans | Graduate or Professional | 5.28% | 6.54% | 7.05% |
| Direct Plus Loans | Parents of Dependent Students or Graduate or Professional Students | 6.28% | 7.54% | 8.05% |
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 1.057%.