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July 1 Interest Rates

Added Interest rates for new Direct Loans are established each year for loans first disbursed on or after July 1 through the following June 30. Find your loan type in the chart below in order to see your fixed rate for loans first disbursed on or after July 1, 2017.

The interest rate for any fixed-rate loans you may have can be found in the "Loan Details" screen of Manage My Account.
Loan Type Borrower Type Interest Rate
Direct Subsidized Loans Undergraduate 4.45%
Direct Unsubsidized Loans Undergraduate 4.45%
Direct Unsubsidized Loans Graduate or Professional 6.00%
Direct PLUS Loans Parents and Graduate or Professional Students 7.00%
Note: All interest rates on federal student loans are determined annually based on a formula set by Congress.
Learn more about interest rates