May 19, 2021
Federal student loan interest rates are expected to increase in the 21-22 academic year. The interest rate for federal loans first disbursed on or after July 1, 2021 are expected to increase from 4.30% to 5.28% for graduate/professional Direct Unsubsidized Loans, and from 5.30% to 6.28% for Parent and Grad PLUS loans. However, student loan origination fees are not expected to increase. All federal loans whose first disbursement is made on or after Oct. 1, 2020, and before Oct. 1, 2022, the loan fees will remain at 1.057% for Direct Subsidized Loans and for Direct Unsubsidized Loans and 4.228% for Direct PLUS Loans