Federal Direct Loans

Interest Rates

Loan Type Borrower Type Loans first disbursed on or after July 1, 2024 and before July 1 2025 Loans first disbursed on or after July 1, 2025 and before July 1 2026
Direct Subsidized Loans Undergraduate 6.53% 6.39%
Direct Unsubsidized Loans Undergraduate 8.08% 7.94%
Direct Unsubsidized Loans Graduate or Professional 9.08% 7.94%
Direct PLUS Loans Parents of Dependent Students or Graduate or Professional Students 9.08% 8.94%

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%.