Federal student loan interest rates vary depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The following table provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2024, and before July 1, 2025.
Loan | Borrower | Interest Rate |
Direct Subsidized Loans and Direct Unsubsidized Loans | Undergraduate Students | 6.53% |
Direct Unsubsidized Loans | Graduate or Professional | 8.08% |
Direct PLUS Loans | Parents and Graduate or Professional Students | 9.08% |
All interest rates shown in the chart above are fixed rates. A fixed rate will not change for the life of the loan. You can find more information on Interest Rates on the Federal Student Aid website.
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