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Interest Rates

The interest rates for Direct Subsidized, Direct Unsubsidized, and Direct PLUS loans will be established each year.  Once a loan is established, it will apply for the life of the loan- that is, the loan will be a fixed-rate loan.  As a result, it is likely that many borrowers will have a set of fixed-rate loans, each with a different interest rate, including the 3.86% Direct Subsidized and Direct Unsubsidized loans made prior to July 1st, 2014.
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* Please note that the current loan interest rates apply to those loans first disbursed on or or after July 1st, 2022 and before      July 1st, 2023.
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    Loan Type                         Interest Rate        Interest Rate Cap
Subsidized Stafford Direct Loan               4.99%                        8.25%
Unsubsidized Stafford Direct Loan          6.54%                        8.25%
Parent PLUS Direct Loan                          7.54%                      10.50%
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The Missouri Health Professional State Loan Repayment Program provides educational loan repayment to qualifying health professionals in exchange for practice in a Health Professional Shortage Area (HPSA) in Missouri.
Can student loans be "forgiven?" 

Yes!  ​Public Service Loan Forgiveness (PSLFP) 
             includes Health Care Professionals!

Unable to Make Payments?
  • Deferment -A student will qualify for an "In-School Deferment" when the student is enrolled at least half-time or more. If a borrower has a documented hardship, a student may qualify for a "Deferment". A "documented hardship" includes: receiving Unemployment Benefits and or public subsidy, etc.
  •  Forbearance -Any borrower, who is unable to make a student loan payment, is eligible for a forbearance. The lender allows the borrower to postpone repaying monthly payment for a certain amount of time.  The interest will accrue and capitalize on ALL loans, during a forbearance if not paid while the forbearance is in effect. Receiving a forbearance is not automatic.  The borrower has to contact the loan servicer to request a forbearance.
  • Forgiveness, Cancellation, and Discharge
  • Loan Servicer: A company that collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining a federal student loan on behalf of a lender. If you're unsure of who your federal student loan servicer is, you can look it up at NSLDS or My Federal Student Aid.
  • What is default? Failure to make required loan payments according to the agreed upon.  the consequences of default are severe.
  •  Repaying Your Loans- Breakdown of optional repayment plans (PDF).
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​Loan Servicers

Contact your loan servicer for information about:  Loan Repayment, Consolidation and/ or Deferment