Interest Rates
Interest rates for federal direct loans disbursed between July 1, 2025 and June 30, 2026:
- undergraduate subsidized direct loans fixed at 6.39 percent
- undergraduate unsubsidized direct loans fixed at 6.39 percent
- graduate students are not eligible for subsidized loans per federal regulations
- graduate unsubsidized direct loans fixed at 7.94 percent
- parent PLUS direct loans 8.94 percent.
The change from a variable- to a fixed-interest rate does not affect a borrower's variable-interest rate on loans made before July 1, 2006.
A 1.057 percent origination fee for all Stafford loans and a 4.228 percent origination fee for all PLUS loans is paid to the U.S. Department of Education for loans first disbursed after Oct. 1, 2020.
Learn More About the Federal Direct Loan Program
