Interest Rate Change for New Direct Loans effective July 1, 2014
New loans made on or after July 1, 2014 through June 30, 2015, will have interest rates that are based on the 10-year Treasury note rate of 2.610, as follows.
• 4.66% for Stafford loans to undergraduate students, based on the 10 year Treasury note rate plus 2.05%
• 6.21% for Stafford loans to graduate students, based on the 10 year Treasury note rate plus 3.6%
• 7.21% for Parent PLUS and Graduate PLUS loans, based on the 10 year Treasury note plus 4.6%
For more information, please visit http://www2.ed.gov/offices/OSFAP/DirectLoan/calc.html
New loans made on or after July 1, 2014 through June 30, 2015, will have interest rates that are based on the 10-year Treasury note rate of 2.610, as follows.
• 4.66% for Stafford loans to undergraduate students, based on the 10 year Treasury note rate plus 2.05%
• 6.21% for Stafford loans to graduate students, based on the 10 year Treasury note rate plus 3.6%
• 7.21% for Parent PLUS and Graduate PLUS loans, based on the 10 year Treasury note plus 4.6%
For more information, please visit http://www2.ed.gov/offices/OSFAP/DirectLoan/calc.html