Federal Student Loan Interest Rates and Fees
By Mark Kantrowitz
Although the Federal student loans have fixed interest rates, each
year's new loans are at a new fixed rate. The current interest rates
and fees are shown in this table.
| 2018-2019 Federal Student Loan Interest Rates |
|---|
|
| Federal Stafford Loan | Undergraduate | 5.045% Fixed | 1.066% |
| Federal Stafford Loan | Graduate & Professional | 6.595% Fixed | 1.066% |
| Federal Parent PLUS Loan | Parent of Undergraduate | 7.595% Fixed | 4.264% |
| Federal Grad PLUS Loan | Graduate & Professional | 7.595% Fixed | 4.264% |
The interest rates on new loans first disbursed on or after July 1 of
each year are set based on the last 10-year Treasury rate auction in
May. The interest rate formulas are shown in this table.
| Federal Student Loan Interest Rate Formulas |
|---|
|
| Federal Stafford Loan | Undergraduate | 10-year Treasury + 2.05% fixed | 8.25% |
| Federal Stafford Loan | Graduate & Professional | 10-year Treasury + 3.60% fixed | 9.5% |
| Federal Parent PLUS Loan | Parent of Undergraduate | 10-year Treasury + 4.60% fixed | 10.5% |
| Federal Grad PLUS Loan | Graduate & Professional | 10-year Treasury + 4.60% fixed | 10.5% |
| 