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

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.

Learn more about the Federal Direct Loan Program:

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Contact us

financialaid@esc.edu

Fax: 518-581-2782

Mailing Address: 
Empire State College
Financial Aid
111 West Avenue
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

Aid for Part-Time Study funding has become available again for the 2014 spring term, which falls within the 2013-2014 academic year. You must apply for APTS for 2013-2014 in order to receive a 2014 spring award.

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