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.

2018-2019 Aid Year Direct Loan Rates and Fees


2018-2019 Aid Year Direct Loan Rates and Fees
Student TypeLoan TypeDirect Loan Fees
(disbursed prior to Oct. 1, 2018 / on or after Oct. 1, 2018)
Undergraduate Direct Subsidized 1.066% / 1.062%
Direct Unsubsidized 1.066% / 1.062%
Graduate Direct Unsubsidized 1.066% / 1.062%
ALL Direct PLUS (Parent or Grad/Prof) 4.264% / 4.248%
2018-2019 Aid Year Direct Loan Rates and Fees
Student TypeLoan TypeInterest Rate
(Loans First Disbursed 7/1/2018– 6/30/2019)
Undergraduate Direct Subsidized 5.05%
Direct Unsubsidized 5.05%
Graduate Direct Unsubsidized 6.6%
ALL Direct PLUS (Parent or Grad/Prof) 7.6%

2017-2018 Aid Year Direct Loan Rates and Fees


2017-2018 Aid Year Direct Loan Rates and Fees
Student TypeLoan TypeDirect Loan Fees
(disbursed prior to Oct. 1, 2017 / on or after Oct. 1, 2017)
Undergraduate Direct Subsidized 1.069% / 1.066%
Direct Unsubsidized 1.069% / 1.066%
Graduate Direct Unsubsidized 1.069% / 1.066%
ALL Direct PLUS (Parent or Grad/Prof) 4.276% / 4.264%
2017-2018 Aid Year Direct Loan Rates and Fees
Student TypeLoan TypeInterest Rate
(Loans First Disbursed 7/1/2017– 6/30/2018)
Undergraduate Direct Subsidized 4.45%
Direct Unsubsidized 4.45%
Graduate Direct Unsubsidized 6%
ALL Direct PLUS (Parent or Grad/Prof) 7%