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Interest Rates for Federal Direct Loans (FDL)

The interest rate for a federal student loan varies depending on

  • the loan type, and
  • the first disbursement date of the loan

The table below provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.  For further information on interest rates, please visit the Department of Education’s Interest Rates and Fees for Federal Student Loans page.

Loan Type

1st Disbursement Dates

Interest Rate

Undergraduate Subsidized & Unsubsidized

7/1/2024 thru 6/30/2025

6.53%

7/1/2025 thru 6/30/2026

6.39%

Graduate Unsubsidized

7/1/2024 thru 6/30/2025

8.08%

7/1/2025 thru 6/30/2026

7.94%

Grad/Prof PLUS & Parent PLUS

7/1/2024 thru 6/30/2025

9.08%

7/1/2025 thru 6/30/2026

8.94%

Interest rates for previous years can be found on the StudentAid.gov website.

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