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Interest Rates: Federal Student Loans

Federal Student Loan Interest Rates

If you are not sure of the current interest rates on your existing Federal student loans, please refer to the information listed below:

First Disbursed Between July 1, 1998, and June 30, 2006

  • Direct Subsidized Loans and Subsidized Federal Stafford Loans (Undergraduate Students):  The interest rate is variable (adjusted annually on July 1st) and will not exceed 8.25%.
  • Direct Subsidized Loans and Subsidized Federal Stafford Loans (Graduate Students) and Direct Unsubsidized Loans and Unsubsidized Federal Stafford Loans: The interest rate is variable (adjusted annually on July 1st) and will not exceed 8.25%.
  • Direct PLUS Loans(Parents and Graduate or Professional Students): The interest rate is variable (adjusted annually on July 1st) and will not exceed 9.0%.
  • FFEL PLUS Loans (Parents and Graduate or Professional Students): The interest rate is variable (adjusted annually on July 1st) and will not exceed 9.0%.

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First Disbursed Between July 1, 2006, and June 30, 2012

  • Direct Subsidized Loans and Subsidized Federal Stafford Loans (Undergraduate Students): 7/1/06-6/30/08: Fixed at 6.8%, 7/1/08-6/30/09: Fixed at 6.0%, 7/1/09-6/30/10: Fixed at 5.6%, 7/1/10-6/30/11: Fixed at 4.5%, 7/1/11-6/30/12: Fixed at 3.4%
  • Direct Subsidized Loans and Subsidized Federal Stafford Loans (Graduate Students) and Direct Unsubsidized Loans and Unsubsidized Federal Stafford Loans: Fixed at 6.8%
  • Direct PLUS Loans (Parents and Graduate or Professional Students): Fixed at 7.9%
  • FFEL PLUS Loans (Parents and Graduate or Professional Students):  Fixed at 8.5%

First Disbursed between July 1, 2012, and June 30, 2013

  • Direct Subsidized Loans (Undergraduate Students): Fixed at 3.4%
  • Direct Unsubsidized Loans: Fixed at 6.8%
  • Direct PLUS Loans (Parents and Graduate or Professional Students): Fixed at 7.9%
  • Perkins Loans: Fixed at 5%