 TITLE: What Is an Unsubsidized Student Loan? CONTENT: Are There Fees for an Unsubsidized Loan?\n----------------------------------------\nYes, unsubsidized loans come with a percentage-based loan fee that's deducted proportionately from each loan disbursement you receive. The fee rate depends on when you took out the loan: If it was first paid out on or after Oct. 1, 2019, and before Oct. 1, 2020, the loan fee is 1.059%. If the loan was first disbursed on or after Oct. 1, 2018, and before Oct. 1, 2019, the fee is 1.062%.\nYou'll also pay interest in exchange for the benefit of borrowing. For undergraduate unsubsidized loans, the current interest rate is 4.53%, and for graduate, 6.08%. (These rates are for loans disbursed on or after July 1, 2019, and before July 1, 2020.) Fortunately, these interest rates are fixed and stay the same for the life of the loan. END