Quick answer
Since 2013 the undergraduate Direct Loan rate has ranged from 2.75% to 6.53%; it is 6.52% for 2026-27. Rates are set each year from the May 10-year Treasury auction plus a fixed add-on and stay fixed for the life of the loan.
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) |
|---|---|---|---|
| 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% |
| 2021-22 | 3.73% | 5.28% | 6.28% |
| 2020-21 | 2.75% | 4.30% | 5.30% |
| 2019-20 | 4.53% | 6.08% | 7.08% |
| 2018-19 | 5.05% | 6.60% | 7.60% |
| 2017-18 | 4.45% | 6.00% | 7.00% |
| 2016-17 | 3.76% | 5.31% | 6.31% |
| 2015-16 | 4.29% | 5.84% | 6.84% |
| 2014-15 | 4.66% | 6.21% | 7.21% |
| 2013-14 | 3.86% | 5.41% | 6.41% |
Related
- Federal student loan interest rates for 2024-25
- Federal student loan interest rates for 2025-26
- Federal student loan interest rates for 2026-27
Last updated 2026-10-16. Data only, not financial or tax advice.