Federal Direct Loan Interest Rates

Interest rates for federal direct loans disbursed between July 1, 2017 and June 30, 2018:

  • undergraduate subsidized direct loans fixed at 4.45 percent
  • undergraduate unsubsidized direct loans fixed at 4.45 percent
  • graduate students are no longer eligible for subsidized loans per federal regulations
  • graduate unsubsidized direct loans fixed at 6.00 percent
  • graduate PLUS direct loans 7.00 percent
  • parent PLUS direct loans 7.00 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 1.066 percent origination fee for all Stafford loans and a 4.264 percent origination fee for all PLUS loans is paid to the U.S. Department of Education for loans first disbursed between Oct. 1, 2017 and Sept. 30, 2018.

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 summer 2018, fall 2018 or spring 2019 should apply for financial aid for 2018-2019 by submitting the FAFSA.  The Financial Aid office will begin receiving these appications and processing them shortly.  The priority deadline to apply for financial aid for 2018-2019 is April 1, 2018.

Students planning to attend 2017-2018 should apply for financial aid immediately. 

The application period for the New York State Excelsior Scholarship is now closed for 2017-2018.

You will need Adobe Acrobat Reader to view the PDF files on this site. If Acrobat Reader is not installed on your computer, you can download it for free from Adobe's site. If you are still unable to view the file, please contact us at financialaid@esc.edu or call 800-847-3000.

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.
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