Federal Direct Student Loan 2017–2018 Interest Rates

Federal Direct Student Loans: The interest rate is calculated each year based on the 10-year Treasury Bill rate plus 2.05 percent (Undergraduate students) or 3.6 percent (Graduate/Professional students) and is capped at 8.25 percent for Undergraduate students and 9.5% for Graduate and Professional students.  For Federal Direct Student Loans with a first disbursement date between July 1, 2017 and June 30, 2018, the following rates are fixed for the life of the loan:

Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students

4.45% 

Direct Unsubsidized Loans for Graduate and Professional Students

6.00% 

Direct PLUS loans for Parents of Undergraduate Students and Direct PLUS Loans for Graduate / Professional Students

7.00%

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