Federal Student Loan Interest Rates

Interest rates are subject to change on July 1st of each year. All federal student loans first disbursed on or after July 1, 2006 have a fixed interest rate for the life of the loan. Below are charts detailing the changes in the FFEL and Direct Loan interest rates since July 1, 2006.

Direct Loans

Subsidized Loans for Undergraduate Students

07/01/17 - 06/30/18 4.45%
07/01/16 - 06/30/17 3.76%
07/01/15 - 06/30/16 4.29%
07/01/14 - 06/30/15 4.66%
07/01/13 - 06/30/14 3.86%
07/01/11 - 06/30/13 3.4%
07/01/10 - 06/30/11 4.5%
07/01/09 - 06/30/10 5.6%
07/01/08 - 06/30/09 6.0%
07/01/07 - 06/30/08 6.8%

Unsubsidized Loans for Undergraduate Students

07/01/17 - 06/30/18 4.45%
07/01/16 - 06/30/17 3.76%
07/01/15 - 06/30/16 4.29%
07/01/14 - 06/30/15 4.66%
07/01/13 - 06/30/14 3.86%
07/01/07 - 06/30/13 6.8%

Subsidized Loans for Graduate and Professional Students

07/01/12 and after --*
07/01/07 - 06/30/12 6.8%

* Graduate and professional students are not eligible for subsidized loans for loan periods beginning on or after July 1, 2012.

Unsubsidized Loans for Graduate and Professional Students

07/01/17 - 06/30/18 6.00%
07/01/16 - 06/30/17 5.31%
07/01/15 - 06/30/16 5.84%
07/01/14 - 06/30/15 6.21%
07/01/13 - 06/30/14 5.41%
07/01/07 - 06/30/13 6.8%

Parent PLUS Loans and Graduate PLUS Loans

07/01/17 - 06/30/18 7.00%
07/01/16 - 06/30/17 6.31%
07/01/15 - 06/30/16 6.84%
07/01/14 - 06/30/15 7.21%
07/01/13 - 06/30/14 6.41%
07/01/07 - 06/30/13 7.9%

FFELP Loans

Loans are no longer made under the FFEL Program effective June 30, 2010.

Subsidized Stafford Loans for Undergraduate Students

07/01/09 - 06/30/10 5.6%
07/01/08 - 06/30/09 6.0%
07/01/07 - 06/30/08 6.8%

Unsubsidized Stafford Loans for Undergraduate, Graduate and Professional Students

07/01/06 - 06/30/10 6.8%

Parent PLUS Loans and Graduate PLUS Loans

07/01/06 - 06/30/10 8.5%

Variable Interest Rate FFELP and Direct Loans

Interest rates on federal student loans that were first disbursed on or after 07/01/98 and before 06/30/06 are variable and adjusted annually on July 1, according to a formula set by Congress that is based on the results of the last Treasury Bill (T-Bill) auction in May. The interest rates listed in the table below apply to the above mentioned student and parent loans.

Federal Loans (Subsidized and Unsubsidized)
In-school, Grace and Deferment Periods

07/01/17 - 06/30/18 2.68%
07/01/16 - 06/30/17 2.05%
07/01/15 - 06/30/16 1.72%
07/01/14 - 06/30/15 1.73%
07/01/13 - 06/30/14 1.75%
07/01/12 - 06/30/13 1.79%

Federal Loans (Subsidized and Unsubsidized)
During Repayment and Forbearance Periods

07/01/17 - 06/30/18 3.28%
07/01/16 - 06/30/17 2.65%
07/01/15 - 06/30/16 2.32%
07/01/14 - 06/30/15 2.33%
07/01/13 - 06/30/14 2.35%
07/01/12 - 06/30/13 2.39%

Federal Parent PLUS Loans
All periods

07/01/17 - 06/30/18 4.08%
07/01/16 - 06/30/17 3.45%
07/01/15 - 06/30/16 3.12%
07/01/14 - 06/30/15 3.13%
07/01/13 - 06/30/14 3.15%
07/01/12 - 06/30/13 3.19%