Direct Loan Interest Rates and Loan Fees for 1920 Year

DIRECT LOAN TYPE

BORROWER TYPE

INTEREST RATE

LOAN FEE

Subsidized Undergraduate

4.53%

1.059%

Unsubsidized Undergraduate

4.53%

1.059%

Unsubsidized Graduate or Professional

6.08%

1.059%

PLUS  Parents, Graduate or Professional

7.08%

4.236%

 

The above Federal Student Loan Interest Rates and Loan Fees are effective for the 2019-2020 School Year for loans disbursed on or after October 1, 2019 and before October 1, 2020.

These percentages represent the amount of interest you will pay on an annual basis.