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Interest Rates and Origination Fees

Interest Rates and Origination Fees

Interest rates are amounts charged to a borrower for the privilege of using the lender’s money. The interest is calculated as a percentage of the principal balance of the loan.

Origination fees are fees assessed by lenders to help offset the cost of processing the loan. The origination fee is assessed on each loan disbursement.

 Federal Student Loan Interest Rates

Loans disbursed July 1, 2025 – June 30, 2026
Direct Subsidized Loan
(Undergraduate Students) 		6.39%
Direct Unsubsidized Loan (Undergraduate Students) 6.39%
Direct Loan – Unsubsidized
(Graduate/ Professional Students) 		7.94%
Direct Parent PLUS Loan8.94%
Direct Graduate/ Professional PLUS Loan8.94%
HPSL
(Health Professions Loan)		5.00%

Federal Student Loan Origination Fees

Loans disbursed October 1, 2020 – September 30, 2026Loans disbursed October 1, 2019 – September 30, 2020
Direct Subsidized Loan
(Undergraduate Students) 		1.057%1.059%
Direct Unsubsidized Loan
(Undergraduate Students) 		1.057%1.059%
Direct Loan – Unsubsidized
(Graduate/ Professional Students) 		1.057%1.059%
Direct Parent PLUS Loan4.228%4.236%
Direct Graduate/ Professional PLUS Loan4.228%4.236%
HPSL
(Health Professions Loan)		0.00%0.00%