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 Type||Loan Type||Direct 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 Type||Loan Type||Direct Loan Interest Rates|
(Loans First Disbursed 7/1/2019– 6/30/2020)
|Parent or Graduate/Professional||Direct PLUS (Parent or Grad/Prof)||7.08%|