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Federal Direct Student Loan Interest Rates

Per legislation signed into law by President Obama in August 2013, interest rates for Federal Direct loans will now be calculated on a year-by-year basis using the following formula: The current 10-Year Treasury Note index rate will be used, in combination with an add-on amount determined by Congress. Each loan will have a rate cap should the Treasury Note index increase in subsequent years.

Click on the links below for specific information about interest rates for federal direct loans: