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Federal Direct Student Loan Interest Rates and Fees

All Federal Direct loan programs listed below will have the Direct Loan Fees listed deducted from the amount accepted prior to fund disbursement.  Each May the Federal student loan interest rates for the following July through June period are set according to the yield of the 10-year U.S. Treasury note plus a fixed percentage.

The rates and fees for the loans first disbursed on or after July 1, 2015 and the interest rates for loans first disbursed after July 1, 2016 are shown in the tables below.

The interest rate for a loan, once established, applies for the life of the loan – that is, the loan is a fixed-rate loan. The new interest rates for the upcoming aid year are shown in the lowest table below:

Student TypeLoan TypeDirect Loan Fees
(disbursed prior to Oct. 1, 2016 / on or after Oct. 1, 2016)
Undergraduate Direct Subsidized 1.068% / 1.069%
Direct Unsubsidized 1.068% / 1.069%
Graduate Direct Unsubsidized 1.068% / 1.069%
ALL Direct PLUS (Parent or Grad/Prof) 4.272% / 4.276%
Student TypeLoan TypeInterest Rate
(Loans First Disbursed 7/1/2016– 6/30/2017)
Undergraduate Direct Subsidized 3.76%
Direct Unsubsidized 3.76%
Graduate Direct Unsubsidized 5.31%
ALL Direct PLUS (Parent or Grad/Prof) 6.31%

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