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Federal Student Loan Interest Rates

2024 - 2025 William D. Ford Loan Program Interest Rates History

Stafford Loans

91-Day T-Bill = 5.40%

Qualifying Conditions Factor Cap 23-24 Rate 24-25 Rate
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2024 and 6/30/2025 (Any Status) - Fixed N/A 6.53% N/A 6.53%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2024 and 6/30/2025 (Any Status) - Fixed N/A 6.53% N/A 6.53%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2024 and 6/30/2025 (Any Status) - Fixed N/A 8.08% N/A 8.08%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2023 and 6/30/2024 (Any Status) - Fixed N/A 5.50% 5.50% 5.50%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2023 and 6/30/2024 (Any Status) - Fixed N/A 5.50% 5.50% 5.50%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2023 and 6/30/2024 (Any Status) - Fixed N/A 7.05% 7.05% 7.05%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2022 and 6/30/2023 (Any Status) - Fixed N/A 4.99% 4.99% 4.99%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2022 and 6/30/2023 (Any Status) - Fixed N/A 4.99% 4.99% 4.99%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2022 and 6/30/2023 (Any Status) - Fixed N/A 6.54% 6.54% 6.54%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2021 and 6/30/2022 (Any Status) - Fixed N/A 3.73% 3.73% 3.73%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2021 and 6/30/2022 (Any Status) - Fixed N/A 3.73% 3.73% 3.73%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2021 and 6/30/2022 (Any Status) - Fixed N/A 5.28% 5.28% 5.28%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2020 and 6/30/2021 (Any Status) - Fixed N/A 2.75% 2.75% 2.75%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2020 and 6/30/2021 (Any Status) - Fixed N/A 2.75% 2.75% 2.75%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2020 and 6/30/2021 (Any Status) - Fixed N/A 4.30% 4.30% 4.30%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2019 and 6/30/2020 (Any Status) - Fixed N/A 4.53% 4.53% 4.53%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2019 and 6/30/2020 (Any Status) - Fixed N/A 4.53% 4.53% 4.53%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2019 and 6/30/2020 (Any Status) - Fixed N/A 6.08% 6.08% 6.08%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2018 and 6/30/2019 (Any Status) - Fixed N/A 5.05% 5.05% 5.05%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2018 and 6/30/2019 (Any Status) - Fixed N/A 5.05% 5.05% 5.05%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2018 and 6/30/2019 (Any Status) - Fixed N/A 6.60% 6.60% 6.60%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2017 and 6/30/2018 (Any Status) - Fixed N/A 4.45% 4.45% 4.45%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2017 and 6/30/2018 (Any Status) - Fixed N/A 4.45% 4.45% 4.45%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2017 and 6/30/2018 (Any Status) - Fixed N/A 6.00% 6.00% 6.00%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2016 and 6/30/2017 (Any Status) - Fixed N/A 3.76% 3.76% 3.76%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2016 and 6/30/2017 (Any Status) - Fixed N/A 3.76% 3.76% 3.76%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2016 and 6/30/2017 (Any Status) - Fixed N/A 5.31% 5.31% 5.31%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2015 and 6/30/2016 (Any Status) - Fixed N/A 4.29% 4.29% 4.29%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2015 and 6/30/2016 (Any Status) - Fixed N/A 4.29% 4.29% 4.29%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2015 and 6/30/2016 (Any Status) - Fixed N/A 5.84% 5.84% 5.84%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2014 and 6/30/2015 (Any Status) - Fixed N/A 4.66% 4.66% 4.66%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2014 and 6/30/2015 (Any Status) - Fixed N/A 4.66% 4.66% 4.66%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2014 and 6/30/2015 (Any Status) - Fixed N/A 6.21% 6.21% 6.21%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2013 and 6/30/2014 (Any Status) - Fixed N/A 3.86% 3.86% 3.86%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2013 and 6/30/2014 (Any Status) - Fixed N/A 3.86% 3.86% 3.86%
Graduate/Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2013 and 6/30/2014 (Any Status) - Fixed N/A 5.41% 5.41% 5.41%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2012 and 6/30/2013 (Any Status) - Fixed N/A 3.40% 3.40% 3.40%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2011 and 6/30/2012 (Any Status) - Fixed N/A 3.40% 3.40% 3.40%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2010 and 6/30/2011 (Any Status) - Fixed N/A 4.50% 4.50% 4.50%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2009 and 6/30/2010 (Any Status) - Fixed N/A 5.60% 5.60% 5.60%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2008 and 6/30/2009 (Any Status) - Fixed N/A 6.00% 6.00% 6.00%
All Stafford Loans with first disbursement date on/after 7/1/2006, except Undergraduate Subsidized with first disbursement date between 7/1/2008 and 6/30/2012 (Any Status) - Fixed N/A 6.80% 6.80% 6.80%
Loans with first disbursement date between 7/1/1998 and 6/30/2006 (Repayment or Forbearance) - Variable 2.30% 8.25% 7.76% 7.70%
Loans with first disbursement date between 7/1/1998 and 6/30/2006 (In-School, Grace or Deferment) - Variable 1.70% 8.25% 7.16% 7.10%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (Repayment or Forbearance) - Variable 3.10% 8.25% 8.25% 8.25%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (In-School, Grace or Deferment) - Variable 2.50% 8.25% 7.96% 7.90%
Loans with first disbursement date between 7/1/1994 and 6/30/1995 (Any Status) - Variable 3.10% 8.25% 8.25% 8.25%


Parent and Student Plus Loans

91-Day T-Bill = 5.40% and 1-Year Constant Maturity Treasury Yield = 5.10%

Qualifying Conditions Factor Cap 23-24 Rate 24-25 Rate
Loans first disbursed between 7/1/2024 and 7/1/2025 - Fixed N/A 9.08% N/A 9.08%
Loans first disbursed between 7/1/2023 and 7/1/2024 - Fixed N/A 8.05% 8.05% 8.05%
Loans first disbursed between 7/1/2022 and 7/1/2023 - Fixed N/A 7.54% 7.54% 7.54%
Loans first disbursed between 7/1/2021 and 7/1/2022 - Fixed N/A 6.28% 6.28% 6.28%
Loans first disbursed between 7/1/2020 and 7/1/2021 - Fixed N/A 5.30% 5.30% 5.30%
Loans first disbursed between 7/1/2019 and 7/1/2020 - Fixed N/A 7.08% 7.08% 7.08%
Loans first disbursed between 7/1/2018 and 7/1/2019 - Fixed N/A 7.60% 7.60% 7.60%
Loans first disbursed between 7/1/2017 and 7/1/2018 - Fixed N/A 7.00% 7.00% 7.00%
Loans first disbursed between 7/1/2016 and 7/1/2017 - Fixed N/A 6.31% 6.31% 6.31%
Loans first disbursed between 7/1/2015 and 7/1/2016 - Fixed N/A 6.84% 6.84% 6.84%
Loans first disbursed between 7/1/2014 and 7/1/2015 - Fixed N/A 7.21% 7.21% 7.21%
Loans first disbursed between 7/1/2013 and 7/1/2014 - Fixed N/A 6.41% 6.41% 6.41%
Loans with a first disbursement date between 7/1/2006 and 6/30/2013 (Any Status) - Fixed N/A 7.90% 7.90% 7.90%
Loans with a first disbursement date between 7/1/1998 and 6/30/2006 (Any Status) - Variable 3.10% 9.00% 8.56% 8.50%
Loans with a first disbursement date before 7/1/1998 (Any Status) - Variable 3.10% 9.00% 8.36% 8.20%


Subsidized and Unsubsidized Consolidation Loans

91-Day T-Bill = 5.40%

Loans for which the application was received on or after 2/1/1999 (any status) will have a fixed interest rate of the lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent.

Qualifying Conditions Factor Cap 23-24 Rate 24-25 Rate
Loans for which the application was received between 10/01/1998 and 1/31/1999 (Any Status) - Variable 2.30% 8.25% 7.76% 7.70%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (Repayment or Forbearance Status) - Variable 2.30% 8.25% 7.76% 7.70%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (In-School, Grace, or Deferment Status) - Variable 1.70% 8.25% 7.16% 7.10%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (Repayment or Forbearance Status) - Variable 3.10% 8.25% 8.25% 8.25%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (In School, Grace, or Deferment) - Variable 2.50% 8.25% 7.96% 7.90%
Loans with first disbursement date between 7/1/1994 and 6/30/1995 (Any Status) - Variable 3.10% 8.25% 8.25% 8.25%


Plus Consolidation Loans

91-Day T-Bill = 5.40%

Loans for which the application was received on or after 2/1/1999 (any status) will have a fixed interest rate of the lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent.

Qualifying Conditions Factor Cap 23-24 Rate 24-25 Rate
Loans for which the application was received between 10/01/1998 and 1/31/1999 (Any Status) - Variable 2.30% 8.25% 7.76% 7.70%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (Any Status) - Variable 3.10% 9.00% 8.56% 8.50%