As a loan borrower, it is important to know the details of your student loans. This page contains helpful information to help students better understand the loan process.
| FEDERAL STUDENT LOAN INTEREST RATES (FIXED) *SEE NOTE 1 | |||
|---|---|---|---|
| LOAN TYPE | July 1, 2025-June 30, 2026 New Interest Rate | July 1, 2024-June 30, 2025 Expiring Interest Rate | July 1, 2023-June 30, 2024 Expiring Interest Rate |
| UNDERGRADUATE: DIRECT SUBSIDIZED & UNSUBSIDIZED | 6.39% | 6.53% | 5.50% |
| GRADUATE OR PROFESSIONAL: DIRECT UNSUBSIDIZED | 7.94% | 8.08% | 7.05% |
| PARENT AND GRADUATE OR PROFESSIONAL: DIRECT PLUS | 8.94% | 9.08% | 8.05% |
| FEDERAL STUDENT LOAN ORIGINATION FEES *SEE NOTE 2 | ||
|---|---|---|
| LOAN ORIGINATION FEES | On or after Oct. 1, 2020, and before Oct. 1, 2024 | On or after Oct. 1, 2019, and before Oct. 1, 2020 |
| UNDERGRADUATE: DIRECT SUBSIDIZED & UNSUBSIDIZED | 1.057% | 1.059% |
| GRADUATE OR PROFESSIONAL: DIRECT UNSUBSIDIZED | 1.057% | 1.059% |
| PARENT AND GRADUATE OR PROFESSIONAL: DIRECT PLUS | 4.228% | 4.236% |
Note 1. Interest rates change effective July 1 each year but remain fixed for the life of the loan.
Note 2. Origination fees change on October 1 each year for any non-originated loans for that year.
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- Once your Federal Loans are originated, you will be assigned a loan servicer by the Department of Education. Servicers will help you manage the repayment of your federal student loans.
- To find out who your loan servicer is, log onto using your FSA ID and password.
- When you go into loan repayment, it may be in your best interest to consolidate your student loans.
- ³Ô¹ÏÍø the for more information about federal loan consolidation.
- Once you graduate, leave school, or drop below half-time enrollment, you will be required to begin repayment.
- To learn more about Loan Repayment and the various repayment plans, visit the
If you are entering one of the fields listed below, you may qualify for loan cancellation benefits. For your convenience, the cancellation information is available to you at or you can schedule an appointment with the Perkins Loan Counselor by e-mailing [email protected].
- Full-time Teacher - in a low-income public or nonprofit elementary or secondary school
- Full-time Early Intervention Services
- Full-time Law Enforcement
- Full-time Nurse or Medical Technician
- Full-time Child or Family Services
- Head Start
- Military serving in hostile areas
- Full-time Volunteer Services
- Full time staff in pre-kindergarten or child care program licensed by the state
- Full-time lawyers employed by public defender or district attorney
- Full-time firefighters
- Full-time faculty members of Tribal college or university
- Librarians with a Master's Degree in Library Science employed in low-income schools
- Full-time speech language pathologists with a Master's degree working with low-income children
