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Federal Direct Loan Interest Rates

Stafford and PLUS interest rates for the 2013-14 and 2014-15 academic years

Interest Rates for the 2013-14 Academic Year

The following fixed interest rates are for Direct Loans first disbursed on or after July 1, 2013. These interest rates are effective beginning Fall 2013 through Summer Session 2014.

2013-14 Direct Loan Interest Rates

Federal Direct Subsidized Stafford Loan for undergraduate students

3.86%

Federal Direct Unsubsidized Stafford Loan for undergraduate students

3.86%

Federal Direct Unsubsidized Stafford Loan for graduate students

5.41%

Federal Direct Parent PLUS Loan

6.41%

Federal Direct Graduate PLUS Loan

6.41%

Interest Rates for the 2014-15 Academic Year

The following fixed interest rates are for Direct Loans first disbursed on or after July 1, 2014. These interest rates are effective beginning Fall 2014 through Summer Session 2015.

2014-15 Direct Loan Interest Rates
Federal Direct Subsidized Stafford Loan for undergraduate students 4.66%
Federal Direct Unsubsidized Stafford Loan for undergraduate students 4.66%
Federal Direct Unsubsidized Stafford Loan for graduate students 6.21%
Federal Direct Parent PLUS Loan 7.21%
Federal Direct Graduate PLUS Loan 7.21%

Due to the Bipartisan Student Loan Certainty Act of 2013, Direct Loans interest rates will be tied to the financial market. Under the new interest rate structure, rates will be determined each June for new loans and will be fixed for the life of the loan. The rates are calculated using a 10-year Treasury Note Index plus an add-on amount for each loan program and include interest rate caps. Learn more about how interest is calculated from the U.S Department of Education.

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