What's New in Loans?

EFFECTIVE July 1, 2024:  The fixed interest rate on subsidized AND unsubsidized loans made to undergraduate students on or after July 1, 2024 through June 30, 2025 is 6.533 percent (6.533%). The fixed interest rate on Parent PLUS loans made to parents of dependent undergraduate students on or after July 1, 2024 through June 30, 2025 is 9.083 percent (9.083%).

EFFECTIVE July 1, 2023:  The fixed interest rate on subsidized AND unsubsidized loans made to undergraduate students on or after July 1, 2023 through June 30, 2024 is 5.50 percent (5.50%). The fixed interest rate on Parent PLUS loans made to parents of dependent undergraduate students on or after July 1, 2023 through June 30, 2024 is 8.05 percent (8.05%).

EFFECTIVE July 1, 2022:  The fixed interest rate on subsidized AND unsubsidized loans made to undergraduate students on or after July 1, 2022 through June 30, 2023 is 4.99 percent (4.99%). The fixed interest rate on Parent PLUS loans made to parents of dependent undergraduate students on or after July 1, 2022 through June 30, 2023 is 7.54 percent (7.54%).

EFFECTIVE July 1, 2021:  The fixed interest rate on subsidized AND unsubsidized loans made to undergraduate students on or after July 1, 2021 through June 30, 2022 is 3.73 percent (3.73%). The fixed interest rate on Parent PLUS loans made to parents of dependent undergraduate students on or after July 1, 2021 through June 30, 2022 is 6.28 percent (6.28%).

EFFECTIVE July 1, 2020:  The fixed interest rate on subsidized AND unsubsidized loans made to undergraduate students on or after July 1, 2020 through June 30, 2021 is 2.75 percent (2.75%). The fixed interest rate on Parent PLUS loans made to parents of dependent undergraduate students on or after July 1, 2020 through June 30, 2021 is 5.30 percent (5.30%).