Office of Financial Aid and Scholarships
2020 - 2021 and 2021 - 2022 Interest Rates on Direct Loans
| Loan type | Interest rate on loans taken out between July 1, 2020 and June 30, 2021 | New rate on loans taken out between July 1, 2021 and June 30, 2022 |
|---|---|---|
| Direct Subsidized and Unsubsidized Loans (for undergraduate students) | 4.535% | 3.73% |
| Direct Unsubsidized Loans (for graduate/professional students) | 6.08% | 5.28% |
| Direct PLUS Loans (for parents and graduate/professional students) | 7.08% | 6.28% |
