Starting July 1, 2024 to June 30, 2025 the interest rate will be 9.083%.  The interest rate is variable annually on July 1.

The origination fee of 4.228 % is in effect for loans first disbursed on or after October 1, 2024 and before October 1, 2025. The loan fee is automatically deducted proportionately from each disbursement by your lender the Department of Education.  The interest rate is capped at 10.5%.