Direct Loan Interest Rates and Fees For the 2023-24 Academic Year

Federal Subsidized Stafford Loan - UG only 5.5%
Federal Unsubsidized Loan - UG  5.5%
Federal Unsubsidized Loan - Law 7.05%
Federal Parent PLUS Loan - UG 8.05%
Grad PLUS Loan - Law 8.05%
W&L Loan - UG and Law 6%

All private loans - UG and Law
Interest rates based on credit score of borrower and co-borrower and Prime or the LIBOR rate



  • Subsidized and Unsubsidized Stafford Loan - 1.057% origination fee on each disbursement.
  • PLUS and Grad PLUS Loan - 4.228% origination fee on each disbursement.
  • Interest is deferred on Undergraduate Subsidized Stafford and W&L Loans while student is in school at least half-time.
  • PLUS Loans - Repayment may be deferred until the student graduates.  Borrower must call DL Servicing Center to request this benefit.  Interest will continue to accrue on the unpaid balance.