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 | 5.53% | 1.057% |
| Direct Unsubsidized Loans for Graduate or Professional Students | 7.05% | 1.057% |
| Direct PLUS loans for Parents of Dependent Undergraduate Students and for Graduate or Professional Students | 8.05% | 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