Interest Rates

2018-2019 

Loans first disbursed on, or after July 1, 2018, and prior to July 1, 2019

Subsidized Loan (Undergraduate Students): 5.05%

Unsubsidized Loan (Undergraduate Students): 5.05%

Unsubsidized Loan (Graduate/Professional Students): 6.60%

PLUS Loan (Parent; and Graduate/Professional students): 7.60% 

 

Interest rates are established each year for the loans. 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

For more information about federal loans, visit studentaid.ed.gov