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|Graduate Students||Subsidized Loan||Unsubsidized Loan|
|Federal Direct Loans disbursed after July 1, 2006||Fixed Interest Rate of 6.8%||Fixed Interest Rate of 6.8%t|
|Federal Direct Loans disbursed after July 1, 2012 - June 30, 2013||N/A||Fixed Interest Rate of 6.8%|
|Federal Direct Loans disbursed after July 1, 2013 - June 30, 2014||N/A||Fixed Interest Rate of 5.41%|
There is a 1.051% origination fee for all Direct Subsidized and Direct Unsubsidized Loans.
All Direct Subsidized and Direct Unsubsidized Loans first disbursed before July 1, 2006 have a variable interest rate. The interest rate on these variable rate loans is changed on July 1st of each year.
Consolidation loans disbursed under the Direct Loan Program can have either a fixed or variable interest rate depending on when the application was received.
See more detailed charts of historical interest rates.