Federal Direct Loans
Interest Rates
| Loan Type | Borrower Type | Loans first disbursed on or after July 1, 2025 and before July 1, 2026 | Loans first disbursed on or after July 1, 2026 and before July 1, 2027 |
|---|---|---|---|
| Direct Subsidized Loans | Undergraduate | 6.39% | 6.52% |
| Direct Unsubsidized Loans | Undergraduate | 7.94% | 6.52% |
| Direct Unsubsidized Loans | Graduate or Professional | 7.94% | 8.07% |
| Direct PLUS Loans | Parents of Dependent Students or Graduate or Professional Students | 8.94% | 9.07% |
There is a loan origination fee on all Direct Subsidized, Direct Unsubsidized and Direct PLUS loans. The loan fee is a percentage of the loan amount and is deducted from each loan when it pays. Currently the Direct Subsidized and Direct Unsubsidized loan origination fee is 1.057% and the Direct PLUS loan origination fee is 4.228%.