2021 - 2022 and 2022 - 2023 Interest Rates on Direct Loans

Important Information

Loan typeInterest rate on loans taken out between July 1, 2021 and June 30, 2022New rate on loans taken out between July 1, 2022 and June 30, 2023
Direct Subsidized and Unsubsidized Loans (for undergraduate students)4.535%4.99%
Direct Unsubsidized Loans (for graduate/professional students)6.08%6.54%
Direct PLUS Loans (for parents and graduate/professional students)7.08%7.54%