Federal Direct Loans

Interest Rates

Loan Type 

Borrower Type

Loans first disbursed on or after July 1, 2016 and before July 1, 2017

Loans first disbursed on or after July 1, 2017 and before July 1, 2018

Loans first disbursed on or after July 1, 2018 and before July 1, 2019

Direct Subsidized Loans Undergraduate 3.76%


4.45%

5.05%

Direct Unsubsidized Loans Undergraduate 3.76%


4.45% 5.05%
Direct Unsubsidized Loans Graduate or Professional 5.31%


6.00% 6.60%

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 1.066%.