Direct Graduate Loans Prior to July 1, 2017

The Federal Direct Loan (Stafford) program is available to graduate students.

As of July 1, 2012, subsidized loans will no longer be available to graduate students.

Unsubsidized loans are not awarded on the basis of need. Interest is charged from the time the loan is disbursed until it is paid in full. Interest may be capitalized.

  • For unsubsidized loans originated on or after July 1, 2006, the interest rate is fixed at 6.80%.
  • For unsubsidized loans originated on or after July 1, 2013, the interest rate is fixed at 5.41%.
  • For unsubsidized loans originated on or after July 1, 2014, the interest rate is fixed at 6.21%.
  • For unsubsidized loans originated on or after July 1, 2015, the interest rate is fixed at 5.84%.
  • For unsubsidized loans originated on or after July 1, 2016, the interest rate is fixed at 5.31%.
  • For unsubsidized loans originated on or after July 1, 2017, the interest rate is fixed at 6.00%.
  • As of October 1, 2017, the loan fee is 1.066% of the loan, subject to  change. This fee is deducted proportionately each time a loan  disbursement is made.
  • As of October 1, 2016, the loan fee is 1.069% of the loan, subject to  change. This fee is deducted proportionately each time a loan  disbursement is made.
  • As of October 1, 2015, the loan fee is 1.068% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of October 1, 2014, the loan fee is 1.073% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of December 1, 2013, the loan fee is 1.072% of the loan, subject to change.  This fee is deducted proportionately each time a loan disbursement is made.
  • As of July 1, 2013, the loan fee is 1.051% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of July 1, 2012, the loan fee is 1% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of July 1, 2008, the loan fee is net 0.5% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.