Federal Direct loan

Phased-in Cuts in Interest Rates on Subsidized Direct Loan for Undergraduate Students

Year Interest Rate Subsidized  Loans (Undergraduate Students) Interest Rate Unsubsidized Loans (Graduate or Unsubsidized)
2009-10 5.6% 6.8%
2010-11 4.5% 6.8%
2011-12 3.4% 6.8%
2012-13 6.8%

6.8%

(www.finaid.org/loans/studentloan.phtml)