Important Announcement

A federal court issued an injunction preventing the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans.

Important Updates

Saving on a Valuable Education (SAVE) Plan Recertification Dates Extended

If you're enrolled in the SAVE Plan, there's good news. MOHELA, following guidance from the U.S. Department of Education, has extended your deadline to recertify your income-driven repayment (IDR) plan. No action is needed. Watch for communication on your new recertification date.

For the latest information on the SAVE Plan, visit StudentAid.gov/save.

Income-Driven Repayment (IDR) processing

A federal court issued an injunction changed how ED can implement certain parts of IDR plans. Because of these changes, the U.S. Department of Education has instructed federal student loan servicers to deny IDR applications where "lowest monthly payment" was selected, more than one IDR plan was selected, or an IDR plan was not selected. Visit Studentaid.gov/loan-simulator to review your options and apply for an eligible repayment plan.

Saving On A Valuable Education (SAVE) Plan Administrative Forbearance

In July 2024, a federal court injunction blocked parts of the SAVE Plan. As a result, eligible federal student loans were placed in forbearance with a 0% interest rate. During this forbearance interest had not accrued; therefore, loan balances (including principal and interest) have not increased during this forbearance. You will not have to make payments until the SAVE forbearance ends. In February 2025, a second federal court injunction ended the SAVE 0% interest rate. To comply with this injunction, loan(s) in the SAVE Administrative Forbearance began accruing interest on August 1, 2025.

You can view your interest rate, outstanding interest amount, or make payment toward interest via your online account. For more information, view our FAQs!

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Federal Student Loan Interest Rates

2025 - 2026 William D. Ford Loan Program Interest Rates History

Stafford Loans

91-Day T-Bill = 4.36%

Fixed rates have an index of 10-year Treasury Note = 4.342%

Qualifying Conditions Factor Cap 24-25 Rate 25-26 Rate
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2025 and 6/30/2026 (Any Status) - Fixed N/A 6.39% N/A 6.39%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2025 and 6/30/2026 (Any Status) - Fixed N/A 6.39% N/A 6.39%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2025 and 6/30/2026 (Any Status) - Fixed N/A 7.94% N/A 7.94%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2024 and 6/30/2025 (Any Status) - Fixed N/A 6.53% 6.53% 6.53%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2024 and 6/30/2025 (Any Status) - Fixed N/A 6.53% 6.53% 6.53%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2024 and 6/30/2025 (Any Status) - Fixed N/A 8.08% 8.08% 8.08%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2023 and 6/30/2024 (Any Status) - Fixed N/A 5.50% 5.50% 5.50%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2023 and 6/30/2024 (Any Status) - Fixed N/A 5.50% 5.50% 5.50%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2023 and 6/30/2024 (Any Status) - Fixed N/A 7.05% 7.05% 7.05%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2022 and 6/30/2023 (Any Status) - Fixed N/A 4.99% 4.99% 4.99%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2022 and 6/30/2023 (Any Status) - Fixed N/A 4.99% 4.99% 4.99%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2022 and 6/30/2023 (Any Status) - Fixed N/A 6.54% 6.54% 6.54%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2021 and 6/30/2022 (Any Status) - Fixed N/A 3.73% 3.73% 3.73%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2021 and 6/30/2022 (Any Status) - Fixed N/A 3.73% 3.73% 3.73%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2021 and 6/30/2022 (Any Status) - Fixed N/A 5.28% 5.28% 5.28%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2020 and 6/30/2021 (Any Status) - Fixed N/A 2.75% 2.75% 2.75%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2020 and 6/30/2021 (Any Status) - Fixed N/A 2.75% 2.75% 2.75%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2020 and 6/30/2021 (Any Status) - Fixed N/A 4.30% 4.30% 4.30%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2019 and 6/30/2020 (Any Status) - Fixed N/A 4.53% 4.53% 4.53%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2019 and 6/30/2020 (Any Status) - Fixed N/A 4.53% 4.53% 4.53%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2019 and 6/30/2020 (Any Status) - Fixed N/A 6.08% 6.08% 6.08%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2018 and 6/30/2019 (Any Status) - Fixed N/A 5.05% 5.05% 5.05%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2018 and 6/30/2019 (Any Status) - Fixed N/A 5.05% 5.05% 5.05%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2018 and 6/30/2019 (Any Status) - Fixed N/A 6.60% 6.60% 6.60%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2017 and 6/30/2018 (Any Status) - Fixed N/A 4.45% 4.45% 4.45%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2017 and 6/30/2018 (Any Status) - Fixed N/A 4.45% 4.45% 4.45%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2017 and 6/30/2018 (Any Status) - Fixed N/A 6.00% 6.00% 6.00%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2016 and 6/30/2017 (Any Status) - Fixed N/A 3.76% 3.76% 3.76%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2016 and 6/30/2017 (Any Status) - Fixed N/A 3.76% 3.76% 3.76%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2016 and 6/30/2017 (Any Status) - Fixed N/A 5.31% 5.31% 5.31%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2015 and 6/30/2016 (Any Status) - Fixed N/A 4.29% 4.29% 4.29%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2015 and 6/30/2016 (Any Status) - Fixed N/A 4.29% 4.29% 4.29%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2015 and 6/30/2016 (Any Status) - Fixed N/A 5.84% 5.84% 5.84%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2014 and 6/30/2015 (Any Status) - Fixed N/A 4.66% 4.66% 4.66%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2014 and 6/30/2015 (Any Status) - Fixed N/A 4.66% 4.66% 4.66%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2014 and 6/30/2015 (Any Status) - Fixed N/A 6.21% 6.21% 6.21%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2013 and 6/30/2014 (Any Status) - Fixed N/A 3.86% 3.86% 3.86%
Undergraduate Unsubsidized Stafford Loans with first disbursement date between 7/1/2013 and 6/30/2014 (Any Status) - Fixed N/A 3.86% 3.86% 3.86%
Graduate / Professional student Unsubsidized Stafford Loans with first disbursement date between 7/1/2013 and 6/30/2014 (Any Status) - Fixed N/A 5.41% 5.41% 5.41%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2012 and 6/30/2013 (Any Status) - Fixed N/A 3.40% 3.40% 3.40%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2011 and 6/30/2012 (Any Status) - Fixed N/A 3.40% 3.40% 3.40%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2010 and 6/30/2011 (Any Status) - Fixed N/A 4.50% 4.50% 4.50%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2009 and 6/30/2010 (Any Status) - Fixed N/A 5.60% 5.60% 5.60%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2008 and 6/30/2009 (Any Status) - Fixed N/A 6.00% 6.00% 6.00%
All Stafford Loans with first disbursement date on/after 7/1/2006, except Undergraduate Subsidized with first disbursement date between 7/1/2008 and 6/30/2012 (Any Status) - Fixed N/A 6.80% 6.80% 6.80%
Loans with first disbursement date between 7/1/1998 and 6/30/2006 (Repayment or Forbearance) - Variable 2.30% 8.25% 7.70% 6.66%
Loans with first disbursement date between 7/1/1998 and 6/30/2006 (In-School, Grace or Deferment) - Variable 1.70% 8.25% 7.10% 6.06%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (Repayment or Forbearance) - Variable 3.10% 8.25% 8.25% 7.46%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (In-School, Grace or Deferment) - Variable 2.50% 8.25% 7.90% 6.86%
Loans with first disbursement date between 7/1/1994 and 6/30/1995 (Any Status) - Variable 3.10% 8.25% 8.25% 7.46%


Parent and Student Plus Loans

91-Day T-Bill = 4.36% and 1-Year Constant Maturity Treasury Yield = 4.09%

Fixed have an index of 10-year Treasury Note = 4.342%

Qualifying Conditions Factor Cap 24-25 Rate 25-26 Rate
Loans first disbursed between 7/1/2025 and 7/1/2026 - Fixed N/A 8.94% N/A 8.94%
Loans first disbursed between 7/1/2024 and 7/1/2025 - Fixed N/A 9.08% N/A 9.08%
Loans first disbursed between 7/1/2023 and 7/1/2024 - Fixed N/A 8.05% 8.05% 8.05%
Loans first disbursed between 7/1/2022 and 7/1/2023 - Fixed N/A 7.54% 7.54% 7.54%
Loans first disbursed between 7/1/2021 and 7/1/2022 - Fixed N/A 6.28% 6.28% 6.28%
Loans first disbursed between 7/1/2020 and 7/1/2021 - Fixed N/A 5.30% 5.30% 5.30%
Loans first disbursed between 7/1/2019 and 7/1/2020 - Fixed N/A 7.08% 7.08% 7.08%
Loans first disbursed between 7/1/2018 and 7/1/2019 - Fixed N/A 7.60% 7.60% 7.60%
Loans first disbursed between 7/1/2017 and 7/1/2018 - Fixed N/A 7.00% 7.00% 7.00%
Loans first disbursed between 7/1/2016 and 7/1/2017 - Fixed N/A 6.31% 6.31% 6.31%
Loans first disbursed between 7/1/2015 and 7/1/2016 - Fixed N/A 6.84% 6.84% 6.84%
Loans first disbursed between 7/1/2014 and 7/1/2015 - Fixed N/A 7.21% 7.21% 7.21%
Loans first disbursed between 7/1/2013 and 7/1/2014 - Fixed N/A 6.41% 6.41% 6.41%
Loans with a first disbursement date between 7/1/2006 and 6/30/2013 (Any Status) - Fixed N/A 7.90% 7.90% 7.90%
Loans with a first disbursement date between 7/1/1998 and 6/30/2006 (Any Status) - Variable 3.10% 9.00% 8.50% 7.46%
Loans with a first disbursement date before 7/1/1998 (Any Status) - Variable 3.10% 9.00% 8.20% 7.19%


Subsidized and Unsubsidized Consolidation Loans

91-Day T-Bill = 4.36%

Loans for which the application was received on or after 2/1/1999 (any status) will have a fixed interest rate of the lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent.

Qualifying Conditions Factor Cap 24-25 Rate 25-26 Rate
Loans for which the application was received between 10/01/1998 and 1/31/1999 (Any Status) - Variable 2.30% 8.25% 7.70% 6.66%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (Repayment or Forbearance Status) - Variable 2.30% 8.25% 7.70% 6.66%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (In-School, Grace, or Deferment Status) - Variable 1.70% 8.25% 7.10% 6.06%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (Repayment or Forbearance Status) - Variable 3.10% 8.25% 8.25% 7.46%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (In School, Grace, or Deferment) - Variable 2.50% 8.25% 7.90% 6.86%
Loans with first disbursement date between 7/1/1994 and 6/30/1995 (Any Status) - Variable 3.10% 8.25% 8.25% 7.46%


Plus Consolidation Loans

91-Day T-Bill = 4.360%

Loans for which the application was received on or after 2/1/1999 (any status) will have a fixed interest rate of the lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent.

Qualifying Conditions Factor Cap 24-25 Rate 25-26 Rate
Loans for which the application was received between 10/01/1998 and 1/31/1999 (Any Status) - Variable 2.30% 8.25% 7.70% 6.66%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (Any Status) - Variable 3.10% 9.00% 8.50% 7.46%