Federal Direct Loan Interest Rates
Interest rates for federal direct loans disbursed between July 1, 2016 and June 30, 2017:
- undergraduate subsidized direct loans fixed at 3.76 percent
- undergraduate unsubsidized direct loans fixed at 3.76 percent
- graduate students are no longer eligible for subsidized loans per federal regulations
- graduate unsubsidized direct loans fixed at 5.31 percent
- graduate PLUS direct loans 6.31 percent
- parent PLUS direct loans 6.31 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 1.069 percent origination fee for all Stafford loans and a 4.276 percent origination fee for all PLUS loans is paid to the U.S. Department of Education for loans first disbursed between Oct. 1, 2016 and Sept. 30, 2017.
Learn More About the Federal Direct Loan Program
Name: SUC Empire State College
Graduate: 5680 (for graduate students applying for Veteran Tuition Awards)
Students planning to attend starting in May 2017 or thereafter should apply for financial aid for 2017-2018 by submitting the 2017-2018 FAFSA.