Interest Rates

Separate interest rates are established each year for Direct Subsidized, Unsubsidized, and PLUS Loans when the first disbursement is made on, or after July 1, through June 30, of the following year.

All Direct Loans, except Direct Consolidation loans are "variable-fixed" for each academic year. Each academic year the rate may change, but loans disbursed during that period are fixed for the life of the loan.

There are also interest rate caps:

  • 8.25% for Direct Subsidized loans and Direct Unsubsidized loans for undergraduate students
  • 9.50% for Direct Unsubsidized loans for graduate/professional students. 

The interest rates are calculated using a base 10-year Treasury Note Index of 1.710% plus an add-on amount for each loan program

  • 2.05% for Direct Subsidized loans and Direct Unsubsidized loans for undergraduate students 
  • 3.60% for Direct Unsubsidized loans for graduate/professional students.

 

2017-2018 Interest Rates

2016-2017 Interest Rates