The interest rate for subsidized and undergraduate unsubsidized loans disbursed on or after 7/1/19 and before 7/1/20 is 4.53%.
The interest rate on unsubsidized loans disbursed to graduate students on or after 7/1/19 and before 7/1/20 is 6.08%.
The interest rate for each loan period remains fixed for the life of the loan.
The current origination fee for subsidized and unsubsidized loans is 1.059%.
The origination fee is retained by the federal government to reduce the cost of administering these low interest loans.