Updated 7/1/25
New Interest Rates for Federal Direct Loans
If you borrow a federal student loan—either an Unsubsidized or Graduate PLUS Loan—you’ll be required to repay it with interest. The interest rate is fixed and based on the date your loan is first disbursed.
For loans first disbursed between July 1, 2025, and June 30, 2026:
Direct Unsubsidized Loan: 7.94% fixed interest rate
Direct Graduate PLUS Loan: 8.94% fixed interest rate
To view interest rates from previous years, visit StudentAid.gov.