Loan Interest Rates

Current Rates: Interest Rates for loans borrowed July 1, 2017 - June 30, 2018:
  • Federal Direct Loan Rates
    Federal Subsidized Undergraduate Loans: 4.45% fixed
    Federal Unsubsidized Undergraduate Loans: 4.45% fixed
    Federal Unsubsidized Graduate/Professional Loans: 6% fixed
  • Federal Direct PLUS Loans
    Rate: 7% fixed
  • Alternative Loans
    Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.0% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2016 - June 30, 2017

  • Federal Direct Loan Rates
     Federal Subsidized Undergraduate Loans: 3.76% fixed
     Federal Unsubsidized Undergraduate Loans: 3.76% fixed
     Federal Unsubsidized Graduate/Professional Loans: 5.31% fixed
  • Federal Direct PLUS Loans
     Rate: 6.31% fixed
  • Alternative Loans
     Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.0% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2015 - June 30, 2016

  • Federal Direct Loan Rates
     Federal Subsidized Undergraduate Loans: 4.29% fixed
     Federal Unsubsidized Undergraduate Loans: 4.29% fixed
     Federal Unsubsidized Graduate/Professional Loans: 5.84% fixed
  • Federal Direct PLUS Loans
     Rate: 6.84% fixed
  • Alternative Loans
     Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.0% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2014 - June 30, 2015

  • Federal Direct Loan Rates {All Lenders}
    Federal Subsidized Undergraduate Loans: 4.66% fixed
    Federal Unsubsidized Undergraduate Loans: 4.66% fixed
    Federal Unsubsidized Graduate/Professional Loans: 6.21% fixed
  • Federal Direct PLUS Loans {All Lenders}
    Rate: 7.21% fixed
  • Alternative Loans
    Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.0% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2013 - June 30, 2014

  • Federal Direct Loan Rates {All Lenders}
    Federal Subsidized Undergraduate Loans: 3.86% fixed
    Federal Unsubsidized Undergraduate Loans: 3.86% fixed
    Federal Unsubsidized Graduate/Professional Loans: 5.41% fixed
  • Federal Direct PLUS Loans {All Lenders}
    Rate: 6.41% fixed
  • Alternative Loans
    Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.0% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2012 - June 30, 2013

  • Federal Direct Loan Rates {All Lenders}
    Federal Subsidized Undergraduate Loans: 3.4% fixed
    Federal Unsubsidized and Graduate Stafford Loans: 6.8% fixed
  • Federal Direct PLUS Loans {All Lenders}
    Rate: 7.9% fixed
  • Alternative Loans
    Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.5% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2011 - June 30, 2012

  • Federal Direct Loan Rates {All Lenders}
    Federal Subsidized Undergraduate Loans: 3.4% fixed
    Federal Unsubsidized and Graduate Stafford Loans: 6.8% fixed
  • Federal Direct PLUS Loans {All Lenders}
    Rate: 7.9% fixed
  • Alternative Loans
    Rates Vary -- Currently Ranging 3.5% - 6.00% for borrowers/co-borrowers with very good credit.
    Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates.
    Check with individual Alternative Loan Lenders for details.

Interest Rates for Loans Borrowed July 1, 2010 - June 30, 2011

  • Federal Direct Loan Rates {All Lenders}
    Federal Subsidized Undergraduate Loans: 4.5% fixed
    Federal Unsubsidized and Graduate Stafford Loans: 6.8% fixed
  • Federal Direct PLUS Loans {All Lenders}
    Rate: 7.9% fixed

Interest Rates for Loans Borrowed July 1, 2009 - June 30, 2010

  • Stafford Rates {All Lenders}
    Subsidized Undergraduate Stafford Loans: 5.6% fixed
    Unsubsidized and Graduate Stafford Loans: 6.8% fixed
  • PLUS Loans {All Lenders}
    Rate: 8.5% fixed

Interest Rates for Loans Borrowed July 1, 2008 - June 30, 2009

  • Stafford Rates {All Lenders}
    Subsidized Undergraduate Stafford Loans: 6.0% fixed
    Unsubsidized and Graduate Stafford Loans: 6.8% fixed
  • PLUS Loans {All Lenders}
    Rate: 8.5% fixed

Interest Rates for Loans Borrowed July 1, 2007 - June 30, 2008

  • Stafford Rates {All Lenders}
    Subsidized Stafford Loans: 6.8% fixed
    Unsubsidized Stafford Loans: 6.8% fixed
  • PLUS Loans {All Lenders}
    Rate: 8.5% fixed

Interest Rates for Loans Borrowed July 1st, 1998 - June 30, 2006

  • Stafford Rates {All Lenders}
    Variable, Capped at 8.25%
  • PLUS Loans {All Lenders}
    Variable, Capped at 9%