Quick answer
For federal Direct Loans first disbursed between July 1, 2013 and June 30, 2014, the fixed interest rate is 3.86% for undergraduate subsidized and unsubsidized loans, 5.41% for graduate unsubsidized loans and 6.41% for PLUS loans.
Data as of 2026-09-10. Source: U.S. Dept. of Education, Federal Register notice 2026-18493
| Award year (Jul 1–Jun 30) | Undergraduate (sub/unsub) | Graduate unsubsidized | PLUS (parent/grad) |
|---|---|---|---|
| 2013-14 | 3.86% | 5.41% | 6.41% |
| 2026-27 | 6.52% | 8.07% | 9.07% |
| 2025-26 | 6.39% | 7.94% | 8.94% |
| 2024-25 | 6.53% | 8.08% | 9.08% |
| 2023-24 | 5.50% | 7.05% | 8.05% |
| 2022-23 | 4.99% | 6.54% | 7.54% |
Related
- Federal student loan interest rates 2026-27
- Graduate student loan interest rate
- Parent PLUS and Grad PLUS loan interest rate
- Federal student loan interest rates for 2014-15
- Federal student loan interest rates for 2015-16
- Federal student loan interest rates for 2016-17
- Federal student loan interest rates for 2017-18
- Federal student loan interest rates for 2018-19
Last updated 2026-10-16. Data only, not financial or tax advice.