Interest Rates and Fees
Interest rates and loan fees are subject to yearly changes implemented by the United States Congress. The information below is current as of June 23, 2020 for the 2020-2021 academic year.
All eligibility criteria including the submission of required documents and acceptance into an eligible program of study must be met by the required deadlines. Please consult with our Office of Student Financial Services about aid eligibility for non-degree certificate programs, as aid eligibility may differ from our degree offerings.
Federal Direct Loan Interest Rates
New Interest rates for loans first disbursed between July 1, 2020 and July 1, 2021:
|Loan Type||Borrower Type||Fixed Interest Rate|
|Federal Direct Subsidized Loans||Undergraduate Students||2.75%|
|Federal Direct Unsubsidized Loans||Undergraduate Students||2.75%|
|Federal Direct Unsubsidized Loans||Graduate/Professional Students||4.30%|
|Federal Direct PLUS Loans||Parents of Dependent Undergraduate Students and Graduate/Professional Students||5.30%|
All interest rates are fixed throughout the life of the loan.
Loan Fees are a percentage of the principal amount charged for each Federal Direct Loan borrowed. The fee is subtracted proportionally from each disbursement of the loan. Please refer to your Master Promissory Note (MPN) and disclosure statement.
New loan fees for disbursements made starting October 1, 2020 and before October 1, 2021.