Important Updates


Federal Direct Student Loans: 2014-15 Interest Rates

June 5, 2014

Interest rates are established each year for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans for which the first disbursement is on or after July 1 through the following June 30. 

The chart below displays the interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2014 and before July 1, 2015.

Borrower Type

Loan Type

Fixed Interest Rate

Undergraduate Students

Direct Subsidized and Unsubsidized Loans

4.66%

Graduate/Professional Students

Direct Unsubsidized Loans

6.21%

Parents of Dependent Undergraduate Students and Graduate/Professional Students

Direct PLUS Loans

7.21%

The interest rate for a loan, once established, applies for the life of the loan – that is, the loan is a fixed-rate loan.

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