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Calculators and interest rates


Please read the description of each plan and the instructions for each data entry page carefully.

Budget calculator  Determine expenses and income in order to create a budget for college.

Description of repayment plans  There are several repayment plans: standard, extended, graduated, and income contingent. How much you pay and how long you take to repay your loans will vary depending on the repayment plan you choose. Consolidation loans also have varying repayment plans. Use the links below to determine your repayment amounts under each of the different plans.

Standard, extended, and graduated repayment plan calculator

Income-contingent repayment plan calculator

Income-based repayment plan calculator

Pay as you earn repayment plan calculator

Direct consolidation loan calculator

Interest rates

Fixed Rate Loans
Borrower Loan Type Date of First Disbursement Fixed Interest Rate
Undergraduate Students Direct Subsidized and Unsubsidized Loans 7/1/13–6/30/14 3.86%
Direct Unsubsidized Loans 7/1/06–6/30/13 6.80%
Direct Subsidized Loans 7/1/11–6/30/13 3.40%
7/1/10–6/30/11 4.50%
7/1/09–6/30/10 5.60%
7/1/08–6/30/09 6.00%
7/1/06–6/30/08 6.80%
Graduate and Professional Students Direct Unsubsidized Loans 7/1/13–6/30/14 5.41%
7/1/06–6/30/13 6.80%
Direct Subsidized Loans* 7/1/06–6/30/12 6.80%
Parents and Graduate and Professional Students Direct PLUS Loans 7/1/13–6/30/14 6.41%
7/1/06–6/30/13 7.90%

*Graduate and professional students are not eligible to receive Direct Subsidized Loans for loan periods beginning on or after July 1, 2012.



Variable Rate Loans
Loan Type Date of First Disbursement Loan Status Interest Rates for the Period 7/1/13–6/30/14
Direct Subsidized and Unsubsidized Loans 7/1/98–6/30/06 Repayment/Forbearance 2.35%
In-School/Grace/Deferment 1.75%
Direct PLUS Loans 7/1/98–6/30/06 Any status 3.15%

For Direct consolidation loan interest rates, see that rate page for information.


Last updated January 3, 2014


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