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Interest Rates

The interest rates for Federal student loans are set by federal regulations. Over the years, these regulations have changed; therefore, if students received a Federal Stafford or PLUS loan in the past, their interest rate on those existing loan(s) may vary from their more current loan(s).

The current interest rates indicated below are effective as of July 1, 2018. For a more detailed interest rate breakdown by loan disbursement date and/or for loans that fall under various provisions and caps, refer to interest rate charts provided by the U.S. Department of Education (ED) and to the the Direct Loan Limits, Rates and Fees chart accessible in the e-Library.

Current Interest Rates for Federal Stafford and PLUS loans

For loans disbursed on or after July 1, 2018, Federal Stafford and PLUS loans have a fixed interest rate, as indicated below.

Subsidized and Unsubsidized Federal Stafford Loans:

  • 5.05% subsidized and unsubsidized undergraduate
  • 6.60% unsubsidized graduate Federal PLUS Loans:

The interest rate on Federal PLUS loans (for parents and for graduate/professional students) disbursed on or after July 1, 2018 is fixed at 7.60%.

Federal Consolidation Loans:

The interest rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest 1/8th of one percent. The interest rate may not exceed the maximum rate of 8.25%.