Loan Interest and Loan fee Rates
Direct Loan Interest Rates
| Aid Year | Undergraduate Sub/Unsub Loans | Parent PLUS or Grad PLUS Loans | Graduate Unsubsidized Loans | Effective Dates * |
|---|---|---|---|---|
| 2022–23 | 4.99% | 7.54% | 6.54% | 07-01-2022 thru 06-30-2023 |
| 2021–22 | 3.73% | 6.28% | 5.28% | 07-01-2021 thru 06-30-2022 |
| 2020–21 | 2.75% | 5.30% | 4.30% | 07-01-2020 thru 06-30-2021 |
| 2019–20 | 4.53% | 7.08% | 6.08% | 07-01-2019 thru 06-30-2020 |
| 2018–19 | 5.05% | 7.60% | 6.60% | 07-01-2018 thru 06-30-2019 |
* Interest Rate Effective Dates: The date used to determine which interest rate applies is the "date of the first disbursement" for each loan.
More information on Federal Direct Loans. For specific information see the following loan types:
- Subsidized or Unsubsidized student loans
- PLUS loans (for parents of dependent undergraduate students or for graduate students)
Direct Loan Fee Rates
| Effective Dates* | Sub/Unsub Loans (UG and Grad) | PLUS Loans (Parent and Grad) |
|---|---|---|
| 10-01-2022 thru 09-30-2023 | 1.057% | 4.228% |
| 10-01-2021 thru 09-30-2022 | 1.057% | 4.228% |
| 10-01-2020 thru 09-30-2021 | 1.057% | 4.228% |
| 10-01-2019 thru 09-30-2020 | 1.059% | 4.236% |
| 10-01-2018 thru 09-30-2019 | 1.062% | 4.248% |
* Loan Fee Effective Dates: The date used to determine which loan fee rate applies is the "date of the first disbursement" for each loan.
More information on Interest Rates and Fees.