Federal Direct Loan Interest Rates

Interest rates for federal direct loans disbursed between July 1, 2013 and June 30, 2014:

  • undergraduate subsidized direct loans fixed at 3.86 percent
  • undergraduate unsubsidized direct loans fixed at 3.86 percent
  • graduate students are no longer eligible for subsidized loans per federal regulations
  • graduate unsubsidized direct loans fixed at 5.41 percent
  • graduate PLUS direct loans 6.41 percent
  • parent PLUS direct loans 6.41 percent.

Interest rates for federal direct loans disbursed between July 1, 2014 and June 30, 2015:

  • undergraduate subsidized direct loans fixed at 4.66 percent
  • undergraduate unsubsidized direct loans fixed at 4.66 percent
  • graduate students are no longer eligible for subsidized loans per federal regulations
  • graduate unsubsidized direct loans fixed at 6.21 percent
  • graduate PLUS direct loans 7.21 percent
  • parent PLUS direct loans 7.21 percent.

The change from a variable- to a fixed-interest rate does not affect a borrower's variable-interest rate on loans made before July 1, 2006.

A 1.072 percent origination fee for all Stafford loans and a 4.288 percent origination fee for all PLUS loans is paid to the U.S. Department of Education.  These fees increase to 1.073 percent for all Stafford loans and 4.292 percent for all PLUS loans on Oct. 1, 2014.

Learn More About the Federal Direct Loan Program

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financialaid@esc.edu

Fax: 518-581-2782

Mailing Address: 
Empire State College
Financial Aid
111 West Ave.
Saratoga Springs, NY 12866

Questions? Contact the Student Information Center at 518-587-2100 or 800-847-3000.

FAFSA Info

Code: 010286
Name: SUC Empire State College

TAP Codes

Undergraduate: 0913
Graduate: 5680

Announcements

The priority deadline to apply for financial aid for 2014-2015 is April 1, 2014.