Financial Aid

Federal Direct Loan Interest Rates

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.

Interest rates for federal direct loans disbursed between July 1, 2015 and June 30, 2016:

  • undergraduate subsidized direct loans fixed at 4.29 percent
  • undergraduate unsubsidized direct loans fixed at 4.29 percent
  • graduate students are no longer eligible for subsidized loans per federal regulations
  • graduate unsubsidized direct loans fixed at 5.84 percent
  • graduate PLUS direct loans 6.84 percent
  • parent PLUS direct loans 6.84 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 1.073 percent origination fee for all Stafford loans and a 4.292 percent origination fee for all PLUS loans is paid to the U.S. Department of Education for loans first disbursed between Oct. 1, 2014 and Sept. 30, 2015. A 1.068 percent origination fee for all Stafford loans and a 4.272 percent origination fee for all PLUS loans is paid to the U.S. Department of Education for loans first disbursed between Oct. 1, 2015 and Sept. 30, 2016.

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 (for graduate students applying for Veteran Tuition Awards)

Announcements

The priority deadline to apply for financial aid for 2015-2016 is April 1, 2015.