Student Financial Aid Federal School Code: 003425

Federal Direct Loan Interest Rates

The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, this information will be updated to reflect those changes.

Interest Rates for loans disbursed from July 1, 2013 - June 30, 2014:

Loan Type Interest Rate Origination Fee Grace
Period
Deferment Repayment
Graduate PLUS 6.41% Fixed for a graduate student enrolled at least half-time

4.204% (if first disbursed between July 1, 2013 and November 30, 2013)

OR

4.288% (if first disbursed between December 1, 2013 and June 30, 2014)

There is no grace period for PLUS loans. You may receive a deferment if the student is enrolled at least half-time in a degree-seeking program of study. Repayment begins 60 days after you have received the last installment for the loan period.
Parent PLUS 6.41% Fixed for a Parent of a dependent undergraduate

4.204% (if first disbursed between July 1, 2013 and November 30, 2013)

OR

4.288% (if first disbursed between December 1, 2013 and June 30, 2014)

There is no grace period for PLUS loans. You may receive a deferment if the dependent student is enrolled at least half-time in a degree-seeking program of study. Repayment begins 60 days after you have received the last installment for the loan period.
Subsidized 3.86% Fixed for Undergraduates

1.051% (if first disbursed between July 1, 2013 and November 30, 2013)

OR

1.072% (if first disbursed between December 1, 2013 and June 30, 2014)

6 months You may receive a deferment if you are enrolled at least half-time or for unemployment or economic hardship. The 6-month grace period starts the day after you graduate, leave school or drop below half-time. You do not have to begin making payments until your grace period ends.
Unsubsidized

3.86% Fixed for Undergraduates

5.41% Fixed for Graduate or Professional Students