Direct Loan Interest Rates 2014-15

May 19, 2014

Interest Rates now set for Direct Loans First Disbursed between July 1, 2014 and June 30, 2015.

Last year President Obama signed the Bipartisan Student Loan Certainty Act of 2013, which amended section 455(b) of the Higher Education Act (HEA) to provide new formulas for the determination of interest rates for all Federal Direct Loan types.

As a result, the interest rate for both Subsidized and Unsubsidized Direct Loans with a first disbursement on or after July 1, 2014 and prior to July 1, 2015 will be a fixed-rate amount of 4.66%.