Quick answer
For federal Direct Loans first disbursed between July 1, 2015 and June 30, 2016, the fixed interest rate is 4.29% for undergraduate subsidized and unsubsidized loans, 5.84% for graduate unsubsidized loans and 6.84% for PLUS loans. That compares with 4.66% for undergraduates the prior year.
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) |
|---|---|---|---|
| 2015-16 | 4.29% | 5.84% | 6.84% |
| 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
- Parent PLUS and Grad PLUS loan interest rate
- Federal student loan interest rates for 2013-14
- Federal student loan interest rates for 2014-15
- Federal student loan interest rates for 2016-17
- Federal student loan interest rates for 2017-18
- Federal student loan interest rates for 2018-19
- Federal student loan interest rates for 2019-20
- Federal student loan interest rates for 2020-21
Last updated 2026-10-16. Data only, not financial or tax advice.