Federal Direct Loan Interest Rates
Interest Rates for the 2015-16 Academic Year
The following fixed interest rates are for Direct Loans first disbursed on or after July 1, 2015 and prior to July 1, 2016.
|Federal Direct Subsidized Stafford Loan for undergraduate students||4.29%|
|Federal Direct Unsubsidized Stafford Loan for undergraduate students||4.29%|
|Federal Direct Unsubsidized Stafford Loan for graduate students||5.84%|
|Federal Direct Parent PLUS Loan||6.84%|
|Federal Direct Graduate PLUS Loan||6.84%|
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.