{"additionalLinks": [{"href": "/understand-aid/types/loans/subsidized-unsubsidized", "id": null, "target": null, "value": "Subsidized and Unsubsidized Loans", "widgetType": "anchor"}, {"href": "/understand-aid/types/loans/plus", "id": null, "target": null, "value": "PLUS Loans", "widgetType": "anchor"}, {"href": "/understand-aid/types/loans/perkins", "id": null, "target": null, "value": "Perkins Loans", "widgetType": "anchor"}, {"href": "/understand-aid/types/loans/federal-vs-private", "id": null, "target": null, "value": "Federal Versus Private Loans", "widgetType": "anchor"}, {"href": "/h/manage-loans", "id": null, "target": null, "value": "Manage Loans", "widgetType": "anchor"}], "href": "/understand-aid/types/loans/interest-rates", "id": "33000", "language": "en", "mainContent": [{"classes": null, "id": null, "value": "If you receive a federal student loan, you will be required to repay that loan with interest. Make sure you understand how interest is calculated and the fees associated with your loan. Both of these factors will impact the amount you will be required to repay.", "widgetType": "paragraph"}, {"data": [{"classes": null, "id": null, "value": "Remember that interest rates and fees are generally lower for federal student loans than private student loans.", "widgetType": "paragraph"}], "null": "Off", "target": null, "widgetType": "highlight"}, {"headerSize": "2", "id": "rates", "value": "Current Federal Interest Rates", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "The interest rate for a federal student loan varies depending on", "widgetType": "paragraph"}, {"data": [{"classes": null, "id": null, "value": "the loan type and", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "the first disbursement date of the loan (for most types of federal student loans).", "widgetType": "paragraph"}], "listStyleType": null, "listType": "ul", "null": "Off", "reversed": "False", "start": null, "widgetType": "list"}, {"classes": null, "id": null, "value": "The table below provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2025, and before July 1, 2026.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.", "widgetType": "paragraph"}, {"headerSize": "3", "id": null, "value": "Interest Rates for Direct Loans First Disbursed on or After July 1, 2026, and Before July 1, 2027", "widgetType": "text_header"}, {"booleanTable": "0", "data": [{"data": [{"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Loan Type", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Borrower Type", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Fixed Interest Rate", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Direct Subsidized Loans and Direct Unsubsidized Loans", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Undergraduate", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "6.52%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Direct Unsubsidized Loans", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Graduate or Professional", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "8.07%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Direct PLUS Loans", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Parents and Graduate or Professional Students", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "9.07%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}], "null": "Off", "tableLayout": null, "widgetType": "table"}, {"classes": null, "id": null, "value": "All interest rates shown in the chart above are fixed rates. A fixed rate will not change for the life of the loan.", "widgetType": "paragraph"}, {"cardHeaderSize": "4", "cardStyle": null, "cardTitle": null, "classes": null, "data": [{"classes": null, "id": null, "value": "If your loan was disbursed before July 1, 2026, you likely have a different interest rate.", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "View interest rates for loans disbursed earlier.", "widgetType": "text_header"}], "widgetType": "card"}, {"headerSize": "2", "id": "what-interest", "value": "What is interest?", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "Interest is additional money that you pay to a lender as a cost of borrowing money. Interest is calculated as a percentage of the unpaid principal amount that you borrowed.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Direct Loans are \u201cdaily interest\u201d loans. On daily interest loans, interest accrues (adds up) every day.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "If your loans are subsidized, you are not responsible for paying the interest that accrues while you\u2019re in school. If your loans are unsubsidized, you\u2019re responsible for all the interest that accrues, even while you\u2019re in school. Learn about the differences between subsidized and unsubsidized loans.", "widgetType": "paragraph"}, {"headerSize": "2", "id": "how-calculated", "value": "How Interest Is Calculated", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "A daily interest formula determines the amount of interest that accrues (adds up) on your loan each day. This formula consists of multiplying your loan balance by the number of days since you made your last payment and multiplying that result by the interest rate factor.", "widgetType": "paragraph"}, {"cardHeaderSize": "4", "cardStyle": null, "cardTitle": null, "classes": null, "data": [{"classes": null, "id": null, "value": "Simple daily interest formula:", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Interest Amount = (Outstanding Principal Balance x Interest Rate Factor) x Number of Days Since Last Payment", "widgetType": "paragraph"}], "widgetType": "card"}, {"headerSize": "3", "id": "interest-rate-factor", "value": "What is the interest rate factor?", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "The interest rate factor is used to calculate the amount of interest that accrues on your loan. You can find your interest rate factor by dividing your loan's interest rate by the number of days in the year (use 365.25 days to account for the leap year).", "widgetType": "paragraph"}, {"headerSize": "2", "id": "capitalization", "value": "How Interest Adds Up", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "It\u2019s your responsibility to pay any interest that accrues (adds up) on your loan(s). And, in some cases, unpaid interest can capitalize (be added to your principal balance).", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "On a traditional repayment plan (Standard, Graduated, or Extended), your monthly loan payment covers all the interest that accrues between monthly payments. So, no additional unpaid interest will accrue while you're making payments on one of these plans.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "But unpaid interest can add up in some situations, such as if you\u2019re on an income-driven repayment (IDR) plan or if you\u2019re not making payments.", "widgetType": "paragraph"}, {"data": [{"data": [{"classes": null, "id": null, "value": "On Income-Driven Repayment (IDR) Plans", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Unpaid interest may accrue if you\u2019re repaying your loans under an IDR plan. Under an IDR plan, your monthly loan payment can sometimes be less than the amount of interest that accrues between your payments. In this case, your payment won\u2019t cover all of your interest, so an amount of unpaid interest will add up each month. This unpaid interest will still be your responsibility to pay until your loan is forgiven (or paid in full).", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "During Forbearance", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "You don\u2019t have to make monthly payments during periods of forbearance. But interest continues to accrue during periods of forbearance.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "During Deferment for Unsubsidized Loans", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "You don\u2019t have to make monthly payments during periods of deferment. But if you have an unsubsidized loan, interest continues to accrue during periods of deferment.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "During School and Grace Periods for Unsubsidized Loans", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "You\u2019re not required to make monthly payments while you\u2019re in school at least half-time or during your grace period. But if you have an unsubsidized loan, interest continues to accrue while you're in school and during the grace period.", "widgetType": "paragraph"}], "title": "When does unpaid interest accrue (add up)?", "widgetType": "accordion_item"}, {"data": [{"classes": null, "id": null, "value": "When your unpaid interest capitalizes, it increases the outstanding principal amount due on your loan. Then your interest is recalculated based on that higher principal balance, increasing the overall cost of your loan. And depending on your repayment plan, capitalization may also cause your monthly payment amount to increase.", "widgetType": "paragraph"}], "title": "What happens when interest capitalizes?", "widgetType": "accordion_item"}, {"data": [{"classes": null, "id": null, "value": "Unpaid interest on Direct Loans and Federal Family Education Loan (FFEL) Program loans managed by the U.S. Department of Education (ED) capitalizes", "widgetType": "paragraph"}, {"data": [{"classes": null, "id": null, "value": "after a deferment on an unsubsidized loan; or", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "if you are repaying your loans under the income-based repayment (IBR) plan and no longer qualify to make payments based on income or leave the IBR plan.", "widgetType": "paragraph"}], "listStyleType": null, "listType": "ul", "null": "Off", "reversed": "False", "start": null, "widgetType": "list"}, {"classes": null, "id": null, "value": "Unpaid interest on FFEL Program loans not managed by ED may capitalize", "widgetType": "paragraph"}, {"data": [{"classes": null, "id": null, "value": "after a deferment on an unsubsidized loan;", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "after a forbearance on any type of loan;", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "after the grace period on an unsubsidized loan; or", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "if you are repaying your loans under the income-based repayment (IBR) plan and no longer qualify to make payments based on income or leave the IBR plan.", "widgetType": "paragraph"}], "listStyleType": null, "listType": "ul", "null": "Off", "reversed": "False", "start": null, "widgetType": "list"}], "title": "

When does unpaid interest capitalize?

", "widgetType": "accordion_item"}, {"data": [{"classes": null, "id": null, "value": "Say you have a $10,000 Direct Unsubsidized Loan with a 6.8% interest rate. On this loan, the amount of interest that accrues (adds up) each day is $1.86 (find out how interest is calculated).", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "In this example, you\u2019re in a deferment for six months. During the deferment, you do not pay off the interest as it accrues. In this case, the loan will accrue $340 of unpaid interest. At the end of the deferment, the accrued interest of $340 will capitalize (be added to your principal balance).", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "You\u2019ll then be charged interest on the higher principal balance of $10,340. Based on this increased principal balance, the amount of interest that accrues each day will also increase (to $1.93 per day). This will result in you paying more over the course of repaying your loan balance.", "widgetType": "paragraph"}], "title": "Example of What Happens When Interest Capitalizes", "widgetType": "accordion_item"}], "null": "Off", "widgetType": "accordion"}, {"data": [{"headerSize": "2", "id": "who-sets", "value": "Who Sets Federal Interest Rates", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "Interest rates on federal student loans are set by federal law, not the U.S. Department of Education.", "widgetType": "paragraph"}], "null": "Off", "target": null, "widgetType": "highlight"}, {"headerSize": "2", "id": "how-much-to-principal", "value": "Paying Down Your Principal Balance", "widgetType": "text_header"}, {"cardHeaderSize": "4", "cardStyle": null, "cardTitle": null, "classes": null, "data": [{"classes": null, "id": null, "value": "No payment you make will go toward any of your loan principal until you\u2019ve paid all your unpaid interest.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Follow these steps to see how much of your payment will go toward your principal balance.", "widgetType": "paragraph"}, {"data": [{"classes": null, "id": null, "value": "Use the interest calculation formula explained above to determine how much interest has accrued (added up) since your last payment.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Subtract the amount of accrued interest from your monthly payment and any other outstanding interest.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "See the number that\u2019s left. This number is how much of your payment will be applied to your outstanding principal balance. This amount may continue to be $0 until all outstanding interest has been paid.", "widgetType": "paragraph"}], "listStyleType": null, "listType": "ol", "null": "Off", "reversed": "False", "start": null, "widgetType": "list"}], "widgetType": "card"}, {"data": [{"data": [{"classes": null, "id": null, "value": "Say you have a $10,000 Direct Unsubsidized Loan with a 6.8% interest rate. The amount of interest that accrues (adds up) per day is $1.86.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Let\u2019s assume you\u2019re repaying your loan under the Standard Repayment Plan. In this repayment plan, your monthly payment would be $115.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "It has been 30 days since your last payment, and there was no other interest outstanding when you made your last payment. In this case, $55.80 in interest will have accrued.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Subtracting this amount from $115 results in a total of $59.20. So $59.20 would be applied to your outstanding principal balance of $10,000.", "widgetType": "paragraph"}], "title": "Example of Paying Interest and Principal", "widgetType": "accordion_item"}], "null": "Off", "widgetType": "accordion"}, {"data": [{"classes": null, "id": null, "value": "Under any income-driven repayment plan, your monthly payment amount may sometimes be less than the amount of interest that accrues on your loans. This is called negative amortization.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Learn what happens to your unpaid interest.", "widgetType": "paragraph"}], "null": "Off", "target": null, "widgetType": "highlight"}, {"classes": null, "id": null, "value": "Contact your loan servicer if you have more questions about how your payment is applied to your principal balance.", "widgetType": "paragraph"}, {"headerSize": "2", "id": "fees", "value": "Fees for Federal Student Loans", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "Most federal student loans have loan fees. These fees are a percentage of the total loan amount.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "A loan fee comes out of the amount of money that is disbursed (paid out) to you while you\u2019re in school. This means the money you receive will be less than the amount you actually borrow.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "You\u2019re responsible for repaying the entire amount you borrowed and not just the amount you received.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "The chart below shows the loan fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after Oct. 1, 2019.", "widgetType": "paragraph"}, {"headerSize": "3", "id": null, "value": "Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans", "widgetType": "text_header"}, {"booleanTable": "0", "data": [{"data": [{"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "First Disbursement Date", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Loan Fee", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "On or after 10/1/20 and before 10/1/27", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "1.057%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "On or after 10/1/19 and before 10/1/20", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "1.059%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}], "null": "Off", "tableLayout": null, "widgetType": "table"}, {"headerSize": "3", "id": null, "value": "Loan Fees for Direct PLUS Loans", "widgetType": "text_header"}, {"booleanTable": "0", "data": [{"data": [{"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "First Disbursement Date", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "th", "class": null, "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "Loan Fee", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "On or after 10/1/20 and before 10/1/27", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "4.228%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}, {"data": [{"alignment": "left", "borderStyle": null, "cellType": "td", "class": "large-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "On or after 10/1/19 and before 10/1/20", "widgetType": "table_cell"}, {"alignment": "left", "borderStyle": null, "cellType": "td", "class": "light-font", "colspan": "1", "data": [], "role": null, "rowspan": "1", "scope": null, "value": "4.236%", "widgetType": "table_cell"}], "null": "Off", "widgetType": "table_row"}], "null": "Off", "tableLayout": null, "widgetType": "table"}, {"classes": null, "id": null, "value": "Loans first disbursed prior to Oct. 1, 2019, have different loan fees.", "widgetType": "paragraph"}, {"headerSize": "2", "id": "older-rates", "value": "Previous Years\u2019 Interest Rates", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "For most loans, the interest rate depends on the year it was first disbursed.", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.", "widgetType": "paragraph"}, {"data": [{"data": [{"classes": null, "id": null, "value": "The following table provides interest rates for Direct Loans and Federal Family Education Loan (FFEL) Program loans1 first disbursed on or after July 1, 2006, and before July 1, 2023.", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "Fixed Interest Rates for Direct Subsidized Loans and Subsidized Federal Stafford Loans* - Undergraduate Borrowers", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "\n \n \n \n \n\n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
First Disbursement DateFixed Interest Rate
7/1/2025\u20136/30/20266.39%
7/1/24\u20136/30/256.53%
7/1/23\u20136/30/245.50%
7/1/22\u20136/30/234.99%
7/1/21\u20136/30/223.73%
7/1/20\u20136/30/212.75%
7/1/19\u20136/30/204.53%
7/1/18\u20136/30/195.05%
7/1/17\u20136/30/184.45%
7/1/16\u20136/30/173.76%
7/1/15\u20136/30/164.29%
7/1/14\u20136/30/154.66%
7/1/13\u20136/30/143.86%
7/1/11\u20136/30/133.4%
7/1/10\u20136/30/114.5%
7/1/09\u20136/30/105.6%
7/1/08\u20136/30/096.0%
7/1/06\u20136/30/086.8%
", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "Fixed Interest Rates for Direct Subsidized Loans and Subsidized Federal Stafford Loans* - Graduate or Professional Borrowers**", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "\n \n \n \n \n \n \n \n \n \n
First Disbursement DateFixed Interest Rate
7/1/06\u20136/30/126.8%
", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "Fixed Interest Rates for Direct Unsubsidized Loans and Unsubsidized Federal Stafford Loans* - Undergraduate Borrowers", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
First Disbursement DateFixed Interest Rate
7/1/2025\u20136/30/20266.39%
7/1/24\u20136/30/256.53%
7/1/23\u20136/30/245.50%
7/1/22\u20136/30/234.99%
7/1/21\u20136/30/223.73%
7/1/20\u20136/30/212.75%
7/1/19\u20136/30/204.53%
7/1/18\u20136/30/195.05%
7/1/17\u20136/30/184.45%
7/1/16\u20136/30/173.76%
7/1/15\u20136/30/164.29%
7/1/14\u20136/30/154.66%
7/1/13\u20136/30/143.86%
7/1/06\u20136/30/136.8%
", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "Fixed Interest Rates for Direct Unsubsidized Loans and Unsubsidized Federal Stafford Loans* - Graduate or Professional Borrowers", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "\n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
First Disbursement DateFixed Interest Rate
7/1/2025\u20136/30/20267.94%
7/1/24\u20136/30/258.08%
7/1/23\u20136/30/247.05%
7/1/22\u20136/30/236.54%
7/1/21\u20136/30/225.28%
7/1/20\u20136/30/214.30%
7/1/19\u20136/30/206.08%
7/1/18\u20136/30/196.6%
7/1/17\u20136/30/186%
7/1/16\u20136/30/175.31%
7/1/15\u20136/30/165.84%
7/1/14\u20136/30/156.21%
7/1/13\u20136/30/145.41%
7/1/06\u20136/30/136.8%
", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "Fixed Interest Rates for Direct PLUS Loans - Parents and Graduate or Professional Borrowers", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "\n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
First Disbursement DateFixed Interest Rate
7/1/2025\u20136/30/20268.94%
7/1/24\u20136/30/259.08%
7/1/23\u20136/30/248.05%
7/1/22\u20136/30/237.54%
7/1/21\u20136/30/226.28%
7/1/20\u20136/30/215.30%
7/1/19\u20136/30/207.08%
7/1/18\u20136/30/197.6%
7/1/17\u20136/30/187%
7/1/16\u20136/30/176.31%
7/1/15\u20136/30/166.84%
7/1/14\u20136/30/157.21%
7/1/13\u20136/30/146.41%
7/1/06\u20136/30/137.9%
", "widgetType": "paragraph"}, {"headerSize": "4", "id": null, "value": "Fixed Interest Rates for Federal PLUS Loans* - Parents and Graduate or Professional BorrowersFixed Interest Rates for Federal PLUS Loans* - Parents and Graduate or Professional Borrowers", "widgetType": "text_header"}, {"classes": null, "id": null, "value": "\n \n \n \n \n \n \n \n \n \n
First Disbursement DateFixed Interest Rate
7/1/06\u20136/30/108.5%
", "widgetType": "paragraph"}], "title": "Interest Rates for Loans Disbursed July 1, 2006\u2013June 30, 2026", "widgetType": "accordion_item"}, {"data": [{"classes": null, "id": null, "value": "Most loans (excluding Perkins Loans) first disbursed before July 1, 2006, have variable interest rates. These variable interest rates can change each year (from July 1 of one year through June 30 of the following year).", "widgetType": "paragraph"}, {"classes": null, "id": null, "value": "Interest rates for these loans are not displayed on this site. For information about any variable-rate loans you may have, contact your loan servicer.", "widgetType": "paragraph"}], "title": "Interest Rates for Loans Disbursed Before July 1, 2006", "widgetType": "accordion_item"}], "null": "Off", "widgetType": "accordion"}], "metadata": [{"type": "description", "value": "Understand how federal student loan interest is calculated and what fees you may need to pay.", "widgetType": "metadata"}, {"type": "keywords", "value": "loans for college students, federal loans for college, college student loans, graduate student loans, low interest student loans, types of student loans, student loan interest rates, student loan fees", "widgetType": "metadata"}, {"type": "page_audience", "value": "customer", "widgetType": "metadata"}, {"type": "page_category", "value": "Content", "widgetType": "metadata"}, {"type": "user_journey", "value": "Apply for and Receive Aid", "widgetType": "metadata"}], "pageLayout": "static_page_273", "pageTemplate": "default", "pageTitle": "Federal Interest Rates and Fees", "preface": [{"alignment": "left", "data": [{"headerSize": "1", "id": null, "value": "Interest Rates and Fees for Federal Student Loans", "widgetType": "text_header"}], "null": "Off", "type": null, "widgetType": "hero"}, {"data": [{"href": "/", "value": "Home", "widgetType": "anchor"}, {"href": "/h/understand-aid", "value": "Understand Aid", "widgetType": "anchor"}, {"href": "/understand-aid/types", "value": "Types of Financial Aid", "widgetType": "anchor"}, {"href": "/understand-aid/types/loans", "value": "Loans", "widgetType": "anchor"}, {"href": "/understand-aid/types/loans/interest-rates", "value": "Federal Interest Rates and Fees", "widgetType": "anchor"}], "widgetType": "breadcrumb"}], "prologue": [], "secondaryContent": [], "sideNav": [{"generate": "True", "widgetType": "side_nav"}], "summary": [{"generate": "True", "widgetType": "side_nav"}], "translatable": false}