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.
Loan | Borrower | Interest Rate |
Direct Subsidized Loans and Direct Unsubsidized Loans | Undergraduate Students | 4.99% |
Direct Unsubsidized Loans | Graduate Students | 6.54% |
Direct PLUS Loans | Parents and Graduate Students | 7.54% |
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.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article