What are the interest rates for Direct Loans and Direct PLUS Loans?
The interest rate for Unsubsidized loans is 6.8%. For a Direct Subsidized loan that was disbursed on or after July 1, 2009 and before July 1, 2010 the interest rate is at 5.6%. A Direct Subsidized loan disbursed on or after July 1, 2010 and before July 1, 2011 has an interest rate of 4.5%. A Direct Subsidized loan disbursed on or after July 1, 2011 and before July 1, 2012 will have an interest rate of 3.4%. Direct PLUS Loans have an interest rate of 7.9%.