Current Federal Student Loan Interest Rates
Below is information regarding variable and fixed interest rates for FFELP and Direct loans.
Interest rates for fixed-rate undergraduate subsidized FFELP Stafford and Federal Direct Loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| 7/1/22 - 6/30/23 |
4.99% |
| 7/1/21 - 6/30/22 |
3.73% |
| 7/1/20 - 6/30/21 |
2.75% |
| 7/1/19 - 6/30/20 |
4.53% |
| 7/1/18 - 6/30/19 |
5.05% |
| 7/1/17 - 6/30/18 |
4.45% |
| 7/1/16 - 6/30/17 |
3.76% |
| 7/1/15 - 6/30/16 |
4.29% |
| 7/1/14 - 6/30/15 |
4.66% |
| 7/1/13 - 6/30/14 |
3.86% |
| 7/1/11 - 6/30/13 |
3.40% |
| 7/1/10 - 6/30/11* |
4.50% |
| 7/1/09 - 6/30/10* |
5.60% |
| 7/1/08 - 6/30/09 |
6.00% |
| 7/1/06 - 6/30/08 |
6.80% |
Interest rates for fixed-rate undergraduate unsubsidized FFELP Stafford and Federal Direct Loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| 7/1/22 - 6/30/23 |
4.99% |
| 7/1/21 - 6/30/22 |
3.73% |
| 7/1/20 - 6/30/21 |
2.75% |
| 7/1/19 - 6/30/20 |
4.53% |
| 7/1/18 - 6/30/19 |
5.05% |
| 7/1/17 - 6/30/18 |
4.45% |
| 7/1/16 - 6/30/17 |
3.76% |
| 7/1/15 - 6/30/16 |
4.29% |
| 7/1/14 - 6/30/15 |
4.66% |
| 7/1/13 – 6/30/14 |
3.86% |
| 7/1/06 - 6/30/13* |
6.80% |
Interest rates for fixed-rate graduate FFELP Stafford and Federal Direct Loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| 7/1/22 - 6/30/23 |
6.54% |
| 7/1/21 - 6/30/22 |
5.28% |
| 7/1/20 - 6/30/21 |
4.30% |
| 7/1/19 - 6/30/20 |
6.08% |
| 7/1/18 - 6/30/19 |
6.60% |
| 7/1/17 - 6/30/18 |
6.00% |
| 7/1/16 - 6/30/17 |
5.31% |
| 7/1/15 - 6/30/16 |
5.84% |
| 7/1/14 - 6/30/15 |
6.21% |
| 7/1/13 – 6/30/14 |
5.41% |
| 7/1/06 - 6/30/13* |
6.80% |
Interest rates for variable-rate FFELP Stafford and Federal Direct Loans
Loan Status – Deferment/In-School/Grace
| Disbursement Date |
Rate |
| 7/1/98 - 6/30/06 |
2.84% |
| 7/1/95 - 6/30/98 |
3.64% |
| 7/1/94 - 6/30/95 |
4.24% |
| 10/1/92 - 6/30/94 |
4.24% |
Loan Status – Repayment
| Disbursement Date |
Rate |
| 7/1/98 - 6/30/06 |
3.44% |
| 7/1/95 - 6/30/98 |
4.24% |
| 7/1/94 - 6/30/95 |
4.24% |
| 10/1/92 - 6/30/94 |
4.24% |
Interest rate for fixed-rate Federal Direct PLUS loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| 7/1/22 - 6/30/23 |
7.54% |
| 7/1/21 - 6/30/22 |
6.28% |
| 7/1/20 - 6/30/21 |
5.30% |
| 7/1/19 - 6/30/20 |
7.08% |
| 7/1/18 - 6/30/19 |
7.60% |
| 7/1/17 - 6/30/18 |
7.00% |
| 7/1/16 - 6/30/17 |
6.31% |
| 7/1/15 - 6/30/16 |
6.84% |
| 7/1/14 - 6/30/15 |
7.21% |
| 7/1/13 – 6/30/14 |
6.41% |
| 7/1/06 – 6/30/13 |
7.90% |
Interest rates for fixed-rate FFELP PLUS loans
Loan Status – Any Status
|
| Disbursement Date |
Rate |
| 7/1/06 - 6/30/10 |
8.50% |
Interest rates for variable-rate FFELP PLUS/SLS loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| On or after 7/1/98 - 6/30/06 |
4.24% |
| 7/1/94 – 6/30/98 |
5.93% |
| 10/1/92 – 6/30/94 |
5.93% |
| 7/1/87 – 9/30/92 |
6.08% |
Interest rates for variable-rate Federal Direct PLUS/SLS loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| On or after 7/1/98 - 6/30/06 |
4.24% |
| Before 7/1/98 |
5.93% |
* Starting July 1, 2010, only Federal Direct loans were disbursed.
Interest rates for fixed-rate Federal Direct GradPLUS loans
Loan Status – Any Status
| Disbursement Date |
Rate |
| 7/1/22 - 6/30/23 |
7.54% |
| 7/1/21 - 6/30/22 |
6.28% |
| 7/1/20 - 6/30/21 |
5.30% |
| 7/1/19 - 6/30/20 |
7.08% |
| 7/1/18 - 6/30/19 |
7.60% |
| 7/1/17 - 6/30/18 |
7.00% |
| 7/1/16-6/30/17 |
6.31% |
| 7/1/15-6/30/16 |
6.84% |
| 7/1/14-6/30/15 |
7.21% |
| 7/1/13-6/30/14 |
6.41% |
| 7/1/06-6/30/13 |
7.90% |
