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, 2018 and June 30, 2019July 1, 2017 and June 30, 2018
Direct Stafford Loan - Subsidized
(Undergraduate Students)
5.045%4.45%
Direct Stafford Loan - Unsubsidized (Undergraduate Students) 5.045%4.45%
Direct Stafford Loan - Unsubsidized
(Graduate/ Professional Students)
6.595%6.00%
Direct Parent PLUS Loan7.595%7.00%
Direct Graduate/ Professional PLUS Loan7.595%7.00%
HPSL
(Health Professions Loan)
5.00% 5.00%

Federal Student Loan Origination Fees

October 1, 2018 - September 30, 2019 October 1, 2017 - September 30, 2018
Direct Stafford Loan - Subsidized
(Undergraduate Students)
1.062% 1.066%
Direct Stafford Loan - Unsubsidized
(Undergraduate Students)
1.062% 1.066%
Direct Stafford Loan - Unsubsidized
(Graduate/ Professional Students)
1.062% 1.066%
Direct Parent PLUS Loan 4.248% 4.264%
Direct Graduate/ Professional PLUS Loan 4.248% 4.264%
HPSL
(Health Professions Loan)
0.00% 0.00%