The following are the federal loan interest rates as of 07/01/23 thru 06/30/24:
Direct Loan (DL)
| First Disbursement Date Occurring: | On or After | But Before | Effective Periods | Rate | Cap (Unless fixed) | |
|---|---|---|---|---|---|---|
| Subsidized | Unsubsidized | |||||
| 07/01/2023 | 07/01/2024 | In‐school, grace and deferment periods for undergraduates | 0% | 5.50% (fixed) | - | |
| All other periods for undergraduates | 5.50% (fixed) | 5.50% (fixed) | - | |||
| In‐school, grace and deferment periods for graduate level | N/A* | 7.05% (fixed) | - | |||
| All other periods for graduate level | N/A* | 7.05% (fixed) | - | |||
| 07/01/2022 | 07/01/2023 | In‐school, grace and deferment periods for undergraduates | 0% | 4.99% (fixed) | - | |
| All other periods for undergraduates | 4.99% (fixed) | 4.99% (fixed) | - | |||
| In‐school, grace and deferment periods for graduate level | N/A* | 6.54% (fixed) | - | |||
| All other periods for graduate level | N/A* | 6.54% (fixed) | - | |||
| 07/01/2021 | 07/01/2022 | In‐school, grace and deferment periods for undergraduates | 0% | 3.73% (fixed) | - | |
| All other periods for undergraduates | 3.73% (fixed) | 3.73% (fixed) | - | |||
| In‐school, grace and deferment periods for graduate level | N/A* | 5.28% (fixed) | - | |||
| All other periods for graduate level | N/A* | 5.28% (fixed) | - | |||
| 07/01/2020 | 07/01/2021 | In‐school, grace and deferment periods for undergraduates | 0% | 2.75% (fixed) | - | |
| All other periods for undergraduates | 2.75% (fixed) | 2.75% (fixed) | - | |||
| In‐school, grace and deferment periods for graduate level | N/A* | 4.30% (fixed) | - | |||
| All other periods for graduate level | N/A* | 4.30% (fixed) | - | |||
| 07/01/2019 | 07/01/2020 | In‐school, grace and deferment periods for undergraduates | 0% | 4.53% (fixed) | - | |
| All other periods for undergraduates | 4.53% (fixed) | 4.53% (fixed) | - | |||
| In‐school, grace and deferment periods for graduate level | N/A* | 6.08% (fixed) | - | |||
| All other periods for graduate level | N/A* | 6.08% (fixed) | - | |||
| 07/01/2018 | 07/01/2019 | In‐school, grace and deferment periods for undergraduates | 0% | 5.05% (fixed) | - | |
| All other periods for undergraduates | 5.05% (fixed) | 5.05% (fixed) | - | |||
| In‐school, grace and deferment periods for graduate level | N/A* | 6.60% (fixed) | - | |||
| All other periods for graduate level | N/A* | 6.60% (fixed) | - | |||
| 07/01/2017 | 07/01/2018 | In-school, grace and deferment periods for undergraduates | 0% | 4.45% (fixed) | - | |
| All other periods for undergraduates | 4.45% (fixed) | 4.45% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | N/A* | 6.00% (fixed) | - | |||
| All other periods for graduate level | N/A* | 6.00% (fixed) | - | |||
| 07/01/2016 | 07/01/2017 | In-school, grace and deferment periods for undergraduates | 0% | 3.76% (fixed) | - | |
| All other periods for undergraduates | 3.76% (fixed) | 3.76% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | N/A* | 5.31% (fixed) | - | |||
| All other periods for graduate level | N/A* | 5.31% (fixed) | - | |||
| 07/01/2015 | 07/01/2016 | In-school, grace and deferment periods for undergraduates | 0% | 4.29% (fixed) | - | |
| All other periods for undergraduates | 4.29% (fixed) | 4.29% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | N/A* | 5.84% (fixed) | - | |||
| All other periods for graduate level | N/A* | 5.84% (fixed) | - | |||
| 07/01/2014 | 07/01/2015 | In-school, grace and deferment periods for undergraduates | 0% | 4.66% (fixed) | - | |
| All other periods for undergraduates | 4.66% (fixed) | 4.66% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | N/A* | 6.21% (fixed) | - | |||
| All other periods for graduate level | N/A* | 6.21% (fixed) | - | |||
| 07/01/2013 | 07/01/2014 | In-school, grace** and deferment periods for undergraduates | 0% | 3.86% (fixed) | - | |
| All other periods for undergraduates | 3.86% (fixed) | 3.86% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | N/A* | 5.41% (fixed) | - | |||
| All other periods for graduate level | N/A* | 5.41% (fixed) | - | |||
| 07/01/2011 | 07/01/2013 | In-school, grace** and deferment periods for undergraduates | 0% | 6.8% (fixed) | - | |
| All other periods for undergraduates | 3.4% (fixed) | 6.8% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | 0% | 6.8% (fixed) | - | |||
| All other periods for graduate level | 6.8% (fixed) | 6.8% (fixed) | - | |||
| 07/01/2010 | 07/01/2011 | In-school, grace and deferment periods for undergraduates | 0% | 6.8% (fixed) | - | |
| All other periods for undergraduates | 4.5% (fixed) | 6.8% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | 0% | 6.8% (fixed) | - | |||
| All other periods for graduate level | 6.8% (fixed) | 6.8% (fixed) | - | |||
| 07/01/2009 | 07/01/2010 | In-school, grace and deferment periods for undergraduates | 0% | 6.8% (fixed) | - | |
| All other periods for undergraduates | 5.6% (fixed) | 6.8% (fixed) | - | |||
| In-school, grace and deferment periods for graduate level | 0% | 6.8% (fixed) | - | |||
| All other periods for graduate level | 6.8% (fixed) | 6.8% (fixed) | - | |||
*Subsidized Direct Loan not available to Graduate/Professional students.
**If you received a Direct Subsidized Loan that was first disbursed between July 1, 2012, and July 1, 2014, you are responsible for paying the interest accruing during your grace period. If you do not pay the interest that accrues during grace, it will be added to your principal balance.
PLUS Direct Loan (DL)
| First Disbursement Date Occurring: | On or After | But Before | Effective Periods | Rate | Cap (Unless fixed) |
|---|---|---|---|---|---|
| 07/01/2023 | 07/01/2024 | Life of Loan | 8.05% (fixed) | - | |
| 07/01/2022 | 07/01/2023 | Life of Loan | 7.54% (fixed) | - | |
| 07/01/2021 | 07/01/2022 | Life of Loan | 6.28% (fixed) | - | |
| 07/01/2020 | 07/01/2021 | Life of Loan | 5.30% (fixed) | - | |
| 07/01/2019 | 07/01/2020 | Life of Loan | 7.08% (fixed) | - | |
| 07/01/2018 | 07/01/2019 | Life of Loan | 7.60% (fixed) | - | |
| 07/01/2017 | 07/01/2018 | Life of Loan | 7.00% (fixed) | - | |
| 07/01/2016 | 07/01/2017 | Life of Loan | 6.31% (fixed) | - | |
| 07/01/2015 | 07/01/2016 | Life of Loan | 6.84% (fixed) | - | |
| 07/01/2014 | 07/01/2015 | Life of Loan | 7.21% (fixed) | - | |
| 07/01/2013 | 07/01/2014 | Life of Loan | 6.41% (fixed) | - | |
| 07/01/2006 | 07/01/2013 | Life of Loan | 7.9% (fixed) | - |
PLUS Direct Loans (DL) first disbursed prior to July 1, 2006, have a variable interest rate that is effective from the 1st of July of one year thru the 30th of June of the following year. The interest rate for such a loan is not on the table above. For information about such variable-rate loans you must contact your loan servicer.
Perkins Loan (FFEL)
| First Disbursement Date Occurring: | On or After | But Before | Effective Periods | Rate | Cap (Unless fixed) |
|---|---|---|---|---|---|
| N/A | N/A | During in-school, grace and deferment periods | 0.00% | - | |
| All other periods | 5.00% (fixed) | - |
Stafford Loan (FFEL)
(Displayed for reference only. As of the 2010-11 academic year, UCLA began participation in the Federal Direct Loan Program.)
| First Disbursement Date Occurring: | On or After | But Before | Effective Periods | Rate | Cap (Unless fixed) | |
|---|---|---|---|---|---|---|
| Subsidized | Unsubsidized | |||||
| 07/01/2009 | 07/01/2010 | During in-school, grace and deferment periods | 0% | 6.80% (fixed) | - | |
| All other periods (*Subsidized Stafford interest rate for Graduate borrowers is 6.80%) | 5.60%* (fixed) | 6.80% (fixed) | - | |||
| 07/01/2008 | 07/01/2009 | During in-school, grace and deferment periods | 0% | 6.80% (fixed) | - | |
| All other periods (*Subsidized Stafford interest rate for Graduate borrowers is 6.80%) | 6.00%* (fixed) | 6.80% (fixed) | - | |||
| 07/01/2006 | 07/01/2008 | During in-school, grace and deferment periods | 0% | 6.80% (fixed) | - | |
| All other periods | 6.80% (fixed) | 6.80% (fixed) | - | |||
Stafford Loans (FFEL) first disbursed prior to July 1, 2006, have a variable interest rate that is effective from the 1st of July of one year thru the 30th of June of the following year. The interest rate for such a loan is not on the table above. For information about such variable-rate loans you must contact your loan servicer.
PLUS Loan (FFEL)
(Displayed for reference only. As of the 2010-11 academic year, UCLA began participation in the Federal Direct Loan Program.)
| First Disbursement Date Occurring: | On or After | But Before | Effective Periods | Rate | Cap (Unless fixed) |
|---|---|---|---|---|---|
| 07/01/2006 | 07/01/2010 | Life of Loan | 8.5% (fixed) | - |
PLUS Loans (FFEL) first disbursed prior to July 1, 2006, have a variable interest rate that is effective from the 1st of July of one year thru the 30th of June of the following year. The interest rate for such a loan is not on the table above. For information about such variable-rate loans you must contact your loan servicer.
For Further Details...
Loan Disbursement
Introduction to Loan Disbursement
UCLA Disbursement Calendar
Current academic year ‘financial aid to student borrowers’ release dates for UCLA, including UCLA Summer Sessions, as well as UCLA Extension
Federal Loan Interest Rates
Existing rates on Direct, Stafford, Perkins and PLUS Loan Programs