Federal Direct Loans disbursed after July 1, 2012 - June 30, 2013
Fixed Interest Rate of 6.8%
Federal Direct Loans disbursed after July 1, 2013 - June 30, 2014
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.