Student Loan Interest Rates - Bipartisan Student Loan Certainty Act of 2013

The following table applies to all loans disbursed on or after 7/1/13 and before 7/1/14 as well as consolidation applications received on or after 7/1/13.

Loan Type	Student Grade Level	Index Rate	Add-On	2013-2014 Fixed Interest Rate	Interest Rate Cap
		10-Year Treasury Note Index
Direct Subsidized Loans	Undergraduate Students	1.81%	2.05%	3.86%	8.25%
Direct Unsubsidized Loans	Undergraduate Students	1.81%	2.05%	3.86%	8.25%
Direct Unsubsidized Loans	Graduate/Professional Students	1.81%	3.60%	5.41%	9.50%
Direct PLUS Loans	Parents of Dependent Undergraduate Students and Graduate/Professional Students	1.81%	4.60%	6.41%	10.50%
Direct Consolidation Loans	N/A	Interest rate remains the weighted average of the interest rates of the loans included in the consolidation, rounded up to the next higher one-eighth of one percent.  New law removes the 8.25% cap.