2024-2025 Federal Student Loan Rates

The Federal Direct Student Loan interest rates for 2024-25 have been determined by the government and they will be increasing again following a slight increase last year.  This change will be applied to new federal loans disbursed between July 1, 2024, and June 30, 2025. The chart below demonstrates the increase year-over-year from last year.

 

Student loan interest rates determine how much money you’ll ultimately owe and will also influence your monthly payment. Calculate how much you need and compare interest rates before taking out a loan, to ensure your debt will be manageable once you graduate.