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 interest rate for a loan, once established, applies for the life of the loan – that is, the loan is a fixed-rate loan.

2019-2020 Aid Year Direct Loan Rates and Fees

Student TypeLoan TypeDirect Loan Fees
(disbursed prior to Oct. 1, 2019 / on or after Oct. 1, 2019)
Undergraduate Direct Subsidized 1.062% / 1.059%
Direct Unsubsidized 1.062% / 1.059%
Graduate Direct Unsubsidized 1.062% / 1.059%
Parent or Graduate/Professional Direct PLUS

4.248% / 4.236%

Student TypeLoan TypeDirect Loan Interest Rates
(Loans First Disbursed 7/1/2019– 6/30/2020)
Undergraduate Direct Subsidized 4.53%
Direct Unsubsidized 4.53%
Graduate Direct Unsubsidized 6.08%
Parent or Graduate/Professional Direct PLUS (Parent or Grad/Prof) 7.08%