July 1 Interest Rates

Added July 28, 2017 Interest rates for new Direct Loans are established each year for loans first disbursed on or after July 1 through the following June 30. Find your loan type in the chart below in order to see your fixed rate for loans first disbursed on or after July 1, 2017.

The interest rate for any fixed-rate loans you may have can be found in the "Loan Details" screen of Manage My Account.

Loan Type	Borrower Type	Interest Rate
Direct Subsidized Loans	Undergraduate	4.45%
Direct Unsubsidized Loans	Undergraduate	4.45%
Direct Unsubsidized Loans	Graduate or Professional	6.00%
Direct PLUS Loans	Parents and Graduate or Professional Students	7.00%

Note: All interest rates on federal student loans are determined annually based on a formula set by Congress.

Learn more about interest rates