Student Loans - Interest Rates

Interest rate information for loans borrowed prior to July 1, 2012 can be found on the Direct Loan website at https://studentloans.gov

Academic Year Subsidized Rates Unsubsidized
2013-14 3.86% 3.86%
2014-15 4.66% 4.66%
2015-16 4.29% 4.29%
2016-17 3.76% 3.76%

Current Stafford Loan interest rates in effect from 07/01/2017 to 06/30/2018

  • Subsidized Stafford Loans: fixed rate of 4.45%
  • Unsubsidized Stafford Loans: fixed rate of 4.45%
  • Plus Loans: fixed rate of 7%

In addition, a loan fee is associated with these loans. The loan fee is a percentage of the loan amount and is proportionally deducted from each payment of the loan to the school. On or after Oct. 1, 2016, and before Oct. 1, 2017, Subsidized and Unsubsidized Stafford loans have a loan fee of 1.069% of the loan amount borrowed. Subsequently, on or after Oct. 1, 2017, and before Oct. 1, 2018, the loan fee is 1.066% of the loan amount borrowed. PLUS loans have a loan fee on the loan amount borrowed of 4.276% and 4.264% based on the respective dates above.

Disclaimer
The Financial Aid Office has taken great care in providing the most recent information. Contents are subject to change without notice because of changing federal, state or institutional policies. All financial aid awards are contingent upon availability of funds and the student's final eligibility determination.