Federal Direct Loan Interest Rates

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%

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.

More detailed charts of historical interest rates

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