Direct Loan Fixed Interest Rates 2024-2025:
| Subsidized | Unsubsidized | PLUS | |
|---|---|---|---|
| Undergraduate | 6.53% | 6.53% | 9.08% (Parent) |
| Graduate | N/A | 8.08% | 9.08% (Graduate) |
Direct Loan Fees 2025-2026
In addition to interest, a Loan Origination Fee is charged with the principal amount of each subsidized and unsubsidized Federal Direct Student Loan received. The U.S. Department of Education will deduct the fee before the loan is disbursed, so the loan amount disbursed will be less than the amount initially borrowed. Students are responsible for repaying the entire amount, including the fee.
Unsubsidized and Subsidized Loans
| For any loan disbursement for a loan where the final disbursement is/will be... | Origination fee percentage for Direct Subsidized Loans and Direct Unsubsidized Loans |
|---|---|
| On or after October 1, 2024, and before October 1, 2025 | 1.057% |
| On or after October 1, 2025, and before October 1, 2026 | 1.057% |
| For any loan disbursement for a loan where the final disbursement is/will be... | Origination fee percentage for Direct PLUS Loans |
|---|---|
| On or after October 1, 2024, and before October 1, 2025 | 4.228% |
| On or after October 1, 2025, and before October 1, 2026 | 4.228% |
Examples: Direct Subsidized Loans and for Direct Unsubsidized Loans: the loan fee on a $5,500 loan would be $58.13.
Direct PLUS Loans (for both parent borrowers and graduate and professional student borrowers): the loan fee on a $10,000 loan would be $422.80.