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Changes to Federal Direct Student Loans for 2013-14

The following provides interest rates for each type of federal student loan first disbursed between July 1, 2013 and June 30, 2014.

Direct Subsidized Loan (Undergraduate Students) Fixed at 3.86%
Direct Unsubsidized Loan (Undergraduate Students) Fixed at 3.86%
Direct Unsubsidized Loan (Graduate or Professional Students) Fixed at 5.41%
Direct PLUS Loan (Parents and Graduate or Professional Students) Fixed at 6.41%

The following are changes to Federal Direct Student Loan Program for loans first disbursed on or after December 1, 2013.

The origination fee for all Federal Direct Subsidized and Unsubsidized Student Loans will be 1.072%. When a student applies for a student loan, 98.928% of the loan funds will be applied to the student account.

The origination fee for all Federal Direct PLUS Loans will be 4.288%. When a parent applies for and receives a Parent PLUS Loan, 95.712% of the loan funds will be applied to the student account.

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