Student Loan Interest Rates Set for 2014-2015

For students taking on loans during the 2014-15 academic year, please note the information below as it pertains to your loan interest rates.

Direct Loan Interest Rates for 2014-2015

On Tuesday, May 7, 2014, the Treasury Department held a 10-year Treasury note auction that resulted in a high yield of 2.612%. The chart below displays the resultant interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2014 and before July 1, 2015.

Federal Direct Student Loans 2014-2015 Interest Rates
Effective for Loans First Disbursed on or after July 1, 2014 and
prior to July 1, 2015

Loan Type

Borrower Type

Index

Add-On

Fixed Interest Rate

10-Year Treasury Note

Direct Subsidized Loans

Undergraduate Students

2.612%

2.05%

4.66%

Direct Unsubsidized Loans

Undergraduate Students

2.612%

2.05%

4.66%

Direct Unsubsidized Loans

Graduate/Professional Students

2.612%

3.60%

6.21%

Direct PLUS
Loans

Parents of Dependent Undergraduate Students and Graduate/Professional Students

2.612%

4.60%

7.21%

 

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