Federal Direct Loans
Interest Rates
Direct Loan Interest Rates for 2024-2025
| Loan Type | Borrower Type | Loans first disbursed on or after July 1, 2023 and before July 1 2024 | Loans first disbursed on or after July 1, 2024 and before July 1 2025 |
|---|---|---|---|
| Direct Subsidized Loans | Undergraduate | 5.50% | 6.53% |
| Direct Unsubsidized Loans | Undergraduate | 5.50% | 8.08% |
| Direct Unsubsidized Loans | Graduate or Professional | 7.05% | 9.08% |
| Direct PLUS Loans | Parents of Dependent Students or Graduate or Professional Students | 8.05% | 9.08% |
There is a loan origination fee on all Direct Subsidized, Direct Unsubsidized and Direct PLUS loans. The loan fee is a percentage of the loan amount and is deducted from each loan when it pays. Currently the Direct Subsidized and Direct Unsubsidized loan origination fee is 1.057% and the Direct PLUS loan origination fee is 4.228%.