Loans

Loans

Stafford Loans

Information and How to Apply

Private Loans

Information and How to Apply  

Perkins Loans

Information and How to Apply 

Graduate PLUS Loans

Information and How to Apply

Parent PLUS Loans

Information and How to Apply

What are the interest rates for federal student loans?

The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The table below provides interest rates for Direct Loans first disbursed on or after July 1, 2013.

Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.

Interest Rates for Direct Loans First Disbursed on or After July 1, 2013

Loan Type

Borrower Type

Loans first disbursed on or after 7/1/13 and before 7/1/14

Loans first disbursed on or after 7/1/14 and before 7/1/15

Direct Subsidized Loans

Undergraduate

3.86%

4.66%

Direct Unsubsidized Loans

Undergraduate

3.86%

4.66%

Direct Unsubsidized Loans

Graduate or Professional

5.41%

6.21%

Direct PLUS Loans

Parents and Graduate or Professional Students

6.41%

7.21%

All interest rates shown in the chart above are fixed rates for the life of the loan.

Note: The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, we will update this page to reflect those changes.

 

Student Loan Code of Conduct

Preferred Lender Guidelines - Washburn University does not offer a list of experienced lenders to students and parents. Washburn University does not assign a lender of private loans to students. Washburn University does participate in the Federal Direct Lending program for federal loans.

Lender disclosures - Students and parents are informed that they have the right and ability to select a lender of their choice. Washburn University strictly prohibits the refusal to certify or delay of certification of a loan based upon choice of lender.

Revenue Sharing - Washburn University does not accept anything of value from any lender in exchange for any advantage sought by the lenders. Lenders are not required or allowed to pay to be placed on the University’s experienced lender lists.

Gifts, Trips, and Compensation - Washburn University employees do not accept anything of more than nominal value from any lender. Washburn University prohibits employees from accepting offer of funds for private loans. Washburn University prohibits employees from entering into consulting/contractual agreements with lenders.

Advisory Board Membership - Washburn University employees receive no compensation or anything of value for serving on the advisory board of any lender.

Lender Identification - No employee of any lender may work in or provide staffing in Washburn University’s Financial Aid Office. Washburn University directs employees of lenders to clearly identify themselves as employees of the lenders and never identify themselves as Washburn University employees when meeting or speaking with students or parents.

Private Education Loan Disclosure

Washburn University does not provide a list of experienced lenders to students and parents. Washburn University does not assign a lender of private loans to students.

Washburn University wishes to inform all students that they may qualify for loans or other assistance under Title IV HEA program loans. The terms and conditions of Title IV HEA program loans may be more favorable than the provisions of private educational loans.

Complete the FAFSA

When completing the Free Application for Federal Student Aid (FAFSA), please add Washburn University’s federal school code of 001949.

FAFSA
Financial Aid Forecaster

Better understand your options for paying for college. Use the FAFSA4caster to estimate your eligibility for federal student aid.

FAFSA4caster