Financial Aid

Changes in Federal Student Loan Interest Rates for 2015-2016

For the 2015-2016 academic year, the interest rates are:

  • Undergraduate Students
    • Subsidized Loans                            4.29%
    • Unsubsidized Loans                         4.29%
  • Graduate Students
    • Unsubsidized Loans                         5.84%
    • Grad PLUS                                     6.84%
  • Parents
    • Parent Loan/PLUS                          6.84%

The interest rates have dropped from 2014-2015 in all categories of loans: Undergraduate Subsidized and Unsubsidized (down from 4.66%), Graduate Unsubsidized (down from 6.21%), PLUS and Graduate/Profession PLUS (down from 7.21%).

Interest rate announcement

More interest rate information

Interest rates arel be revised annually to determine the rate based on the yield of the 10-year Treasury note supplemented by an "add-on" based on undergraduate, graduate or parent status.   The interest rate will be fixed and remain at the rate set for the life of the loan.