Federal Direct Loan Interest Rates and Origination Fees for 2024-2025
Federal Direct Loan Interest Rates and Origination Fees for 2024-2025
| Loan Type | Fixed Interest Rate* | Origination Fee** |
| Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students | 6.53% | 1.057% |
| Direct PLUS loans for Parents of Dependent Undergraduate Students | 9.08% | 4.228% |
*Interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans First disbursed on or after July 1, 2024 and before July 1, 2025
**Origination fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans First disbursed on or after October 1, 2020