Federal Direct Loans: Where can I find interest rate and loan origination fee information for Federal Direct Loans?

This article provides federal loan information pertaining to:

  • (a) Interest rates for Direct Loans first disbursed on or after July 1, 2017.
  • (b) Loan Origination fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after October 1, 2016.
(a) Direct Loans first disbursed on or after July 1, 2017.
 
Interest Rates for Direct Loans First Disbursed on or After July 1, 2017
Loan TypeBorrower TypeLoans first disbursed on or after 7/1/16 and before 7/1/17
Direct Subsidized LoansUndergraduate4.45%
Direct Unsubsidized LoansUndergraduate4.45%
Direct Unsubsidized LoansGraduate or Professional6%
Direct PLUS LoansParents and Graduate or Professional Students7%

* Click here to view interest rates on federal student loans first disbursed before July 1, 2017.

Note: Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.

(b) Loan Origination Fees for Direct Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after October 1, 2016.

Loan TypeFirst Disbursement DateLoan Fee
Direct Subsidized Loans and Direct Unsubsidized LoansOn or after 10/1/16 and before 10/1/171.069%
On or after 10/1/17 and before 10/1/181.066%
Direct PLUS LoansOn or after 10/1/16 and before 10/1/174.276%
On or after 10/1/17 and before 10/1/184.264%

Note: There are no loan fees for Perkins Loans.