What are the interest rates for federal student loans?

Modified on Thu, 07 Jul 2022 at 10:52 AM

Federal student loan interest rates vary depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The following table provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2022, and before July 1, 2023.



Interest Rate

Direct Subsidized Loans and Direct Unsubsidized Loans

Undergraduate Students


Direct Unsubsidized Loans

Graduate Students


Direct PLUS Loans

Parents and Graduate Students


All interest rates shown in the chart above are fixed rates that will not change for the life of the loan. You can find more information on Interest Rates on the Federal Student Aid website.


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