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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.  Interest rates for all Federal Direct Student Loans disbursed on or after July 1, 2013 have been adjusted to reflect the Bipartisan Student Loan Certainty Act of 2013. The new interest rate is tied to the “high yield of the 10-year Treasury note” as of June 1st preceding the effective period plus a predefined add-on. The interest rate for a loan, once established, will apply for the life of the loan – that is, the loan will be a fixed-rate loan. The new interest rates for the upcoming 2014-15 aid year are shown in the second table below:

Student TypeLoan TypeDirect Loan Fees
(disbursed prior to Oct. 1, 2014 / on or after Oct. 1, 2014)
Undergraduate Direct Subsidized 1.072% / 1.073%
Direct Unsubsidized 1.072% / 1.073%
Graduate Direct Unsubsidized 1.072% / 1.073%
ALL Direct PLUS (Parent or Grad/Prof) 4.288% / 4.292%


Student TypeLoan TypeInterest Rate
(Loans First Disbursed 7/1/2014– 6/30/2015)
Undergraduate Direct Subsidized 4.66%
Direct Unsubsidized 4.66%
Graduate Direct Unsubsidized 6.21%
ALL Direct PLUS (Parent or Grad/Prof) 7.21%

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