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Interest Rates

Current Interest Rate for Federal Direct Student Loans

ALL INTEREST RATES IN THE FOLLOWING TABLE ARE FIXED FOR THE LIFE OF THE LOAN.

Loan Name

Interest Rate for loans disbursed from July 1, 2014-June 30, 2015

Interest Rate for loans disbursed from July 1, 2015-June 30, 2016

Repayment

Co-signer or Endorser Needed?

Subsidized Loan

4.66% Undergraduates

4.29% Undergraduates

Begins 6 months after you graduate or enroll for less than half time.

No.

Unsubsidized Loan

4.66% Undergraduates

6.21% Graduate

4.29% Undergraduates

5.84% Graduate

Begins 6 months after you graduate or enroll for less than half time.

No.

Parent PLUS Loan

7.21%

6.84%

Begins with 60 days of disbursement of loan funds unless in-school deferment is requested.

Dependent upon credit decision.

Interest Rates for Direct Loans First Disbursed on or After July 1, 2014

For any loan disbursement for a loan where the first disbursement is/will be… The origination fee percentage for Direct Subsidized Loans and Direct Unsubsidized Loans is…

The origination fee percentage for Direct PLUS Loans is…

On or after October 1, 2015 and before October 1, 2016

1.068 4.272
On or after October 1, 2016 and before October 1, 2017 1.069 4.276
Loans first disbursed prior to Oct. 1, 2015, have different loan fees.
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