Interest Rates and Origination Fees

Interest rates are amounts charged to a borrower for the privilege of using the lender’s money. The interest is calculated as a percentage of the principal balance of the loan.

Origination fees are fees assessed by lenders to help offset the cost of processing the loan. The origination fee is assessed on each loan disbursement.

Federal Student Loan Interest Rates (fixed)

July 1, 2017 to June 30, 2018 July 1, 2016 to June 30, 2017
Direct Stafford Loan - Subsidized
(Undergraduate Students)
4.45% 3.76%
Direct Stafford Loan - Unsubsidized (Undergraduate Students) 4.45% 3.76%
Direct Stafford Loan - Unsubsidized
(Graduate/ Professional Students)
6.00% 5.31%
Direct Parent PLUS Loan7.00% 6.31%
Direct Graduate/ Professional PLUS Loan7.00% 6.31%
Perkins Loan 5.00% 5.00%
HPSL
(Health Professions Loan)
5.00% 5.00%

Federal Student Loan Origination Fees

October 1, 2017 - September 30, 2018 October 1, 2016 - September 30, 2017
Direct Stafford Loan - Subsidized
(Undergraduate Students)
1.066% 1.069%
Direct Stafford Loan - Unsubsidized
(Undergraduate Students)
1.066% 1.069%
Direct Stafford Loan - Unsubsidized
(Graduate/ Professional Students)
1.066% 1.069%
Direct Parent PLUS Loan 4.264% 4.276%
Direct Graduate/ Professional PLUS Loan 4.264% 4.276%
Perkins Loan 0.00% 0.00%
HPSL
(Health Professions Loan)
0.00% 0.00%