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, 2015 to June 30, 2016 are:
- Direct Subsidized/Unsubsidized Stafford Loans for Undergraduate Students: 4.29%
- Direct Unsubsidized Loans for Graduate/Professional Students: 5.84%
- Direct PLUS Loans: 6.84%