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Loans and Financing Options

Federal Direct Loan Interest Rates and Origination Fees for 2023-2024

Loan Type Fixed Interest Rate* Origination Fee**
Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students 6.53% 1.057%
Direct Unsubsidized Loans for Graduate or Professional Students 8.08% 1.057%
Direct PLUS loans for Parents of Dependent Undergraduate Students and for Graduate or Professional 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, 2023 and before July 1, 2024

**Origination fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans First disbursed on or after October 1, 2020