Calculators and interest rates
Please read the description of each plan and the instructions for each data entry page carefully.
∂ Budget calculator Determine expenses and income in order to create a budget for college.
Description of repayment plans There are several repayment plans: standard, extended, graduated, and income contingent. How much you pay and how long you take to repay your loans will vary depending on the repayment plan you choose. Consolidation loans also have varying repayment plans. Use the links below to determine your repayment amounts under each of the different plans.
∂ Standard, extended, and graduated repayment plan calculator
∂ Income contingent repayment plan calculator
∂ Income-based repayment plan calculator
∂ Direct consolidation loan calculator
Interest rates
| Fixed Rate Loans | ||
|---|---|---|
| Loan Type | Date of First Disbursement | Fixed Interest Rate |
| Direct Subsidized Loans Undergraduate Students |
7/1/11–6/30/13 | 3.40% |
| 7/1/10–6/30/11 | 4.50% | |
| 7/1/09–6/30/10 | 5.60% | |
| 7/1/08–6/30/09 | 6.00% | |
| 7/1/06–6/30/08 | 6.80% | |
| Direct Subsidized Loans Graduate and Professional Students* |
On or after 7/1/06 | 6.80% |
| Direct Unsubsidized Loans All Students |
On or after 7/1/06 | 6.80% |
| Direct PLUS Loans Parents and Graduate Students |
On or after 7/1/06 | 7.90% |
*Graduate and professional students are not eligible to receive Direct Subsidized Loans for loan periods beginning on or after July 1, 2012.
| Variable Rate Loans | |||
|---|---|---|---|
| Loan Type | Date of First Disbursement | Loan Status | Interest Rates for the Period 7/1/12–6/30/13 |
| Direct Subsidized and Unsubsidized Loans | 7/1/98–6/30/06 | Repayment/Forbearance | 2.39% |
| In-School/Grace/Deferment | 1.79% | ||
| Direct PLUS Loans | 7/1/98–6/30/06 | Any status | 3.19% |
For Direct consolidation loan interest rates, see that rate page for information.