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

Contact us


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.


Code: 010286
Name: SUC Empire State College

TAP Codes

Undergraduate: 0913
Graduate: 5680 (for graduate students applying for Veteran Tuition Awards)


Students planning to attend 2016-2017 should complete the Free Application for Federal Student Aid for 2016-2017.   Students wishing to get an early jump on applying for financial aid for 2017-2018 (enrollments beginning on or after May 15, 2017) can do so by submitting the 2017-2018 FAFSA.

Take the Next Step

Ready to advance your education and career? There’s no time like the present. Apply now, or learn more about SUNY Empire at one of our information sessions.