Stafford Loan Interest Update

Stafford Loan Interest Update

Interest rates will be established each year for Direct Subsidized, Direct Unsubsidized, and Direct PLUS loans for which the first disbursement is on or after July 1 through the following June 30. Interest rates will be the same for Direct Subsidized Loans and Direct Unsubsidized Loans taken out by an undergraduate student, with a different rate for Direct Unsubsidized Loans taken out by a graduate/professional student and for PLUS Loans taken out by parent borrowers or graduate/professional student borrowers.

The Interest Rates for the period of July 1, 2013 to June 30, 2014 are:

  • Direct Subsidized/Unsubsidized Stafford Loans for Undergraduate Students: 3.86%
  • Direct Unsubsidized Loans for Graduate/Professional Students: 5.41%
  • Direct PLUS Loans: 6.41%