Federal Direct Subsidized Loan

The government will pay the loan interest during in-school enrollment periods and grace period for the subsidized loan(s). Qualifying for the subsidized loan is determined from the FAFSA. Only undergraduate students qualify for this loan. Click here for more detailed information about federal student loans.

Interest Rates & Processing Fees:

• 4.99% (fixed) interest rate for undergraduate loans disbursed between July 1, 2022 and June 30, 2023
• 5.5% (fixed) interest rate for undergraduate loans disbursed between July 1, 2023 and June 30, 2024
• 1.057% of the amount borrowed is assessed as a processing fee by the federal government for loans disbursed between October 1, 2020 and October 1, 2024

Federal Direct Unsubsidized Loan

The borrower is responsible for paying all of the interest from the time the loan is disbursed for the unsubsidized loan(s). Paying the interest on this loan while in school will reduce the compounded interest charged over the life of the loan. Click here for more detailed information about federal student loans.

Interest Rates & Processing Fees:

• 4.99% (fixed) interest rate for undergraduate loans disbursed between July 1, 2022 and June 30, 2023
• 5.5% (fixed) interest rate for undergraduate loans disbursed between July 1, 2023 and June 30, 2024

• 6.54% (fixed) interest rate for graduate loans disbursed between July 1, 2022 and June 30, 2023
• 7.05% (fixed) interest rate for graduate loans disbursed between July 1, 2023 and June 30, 2024

• 1.057% of the amount borrowed is assessed as a processing fee by the federal government for loans disbursed between October 1, 2020 and October 1, 2024