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Washington and Lee University

Washington and Lee University
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Direct Loan Interest Rates and Fees

For the 2013-14 Academic Year

Federal Subsidized Stafford Loan - UG only 3.86%
Federal Unsubsidized Loan - UG  3.86%
Federal Unsubsidized Loan - Law 5.41%
Federal Parent PLUS Loan - UG 6.41%
Grad PLUS Loan - Law 6.41%
Federal Perkins Loan - UG and Law 5%
W&L Loan - UG and Law 6%

All private loans - UG and Law
Interest rates based on credit score of borrower and co-borrower and Prime or the LIBOR rate



  • Subsidized and Unsubsidized Stafford Loan - 1.051% origination fee on each disbursement
  • PLUS and Grad PLUS Loan - 4.204% origination fee on each disbursement
  • Interest is deferred on Undergraduate Subsidized Stafford, Perkins, and W&L Loans while student is ienrolled in a degree seeking program at least half-time
  • PLUS Loans (UG) - Repayment may be deferred until the student graduates.  Borrower must call DL Servicing Center to request this benefit.  Interest will continue to accrue on the unpaid balance.
  • Beginning in 2012-13, Law students are not eligible for Subsidized Stafford Loan.