Solutions of a rare-earth modifier (RES) and the epoxy chloropropane (ECP) grafting modification method are used for the surface treatment of F-12 aramid fibers. The effects of RES concentration on the interlaminar shear strength (ILSS) of F-12 aramid fiber/epoxy composites are investigated in detail, and the fracture surfaces of ILSS specimens are analyzed by SEM. It is shown that the RES surface treatment is superior to the ECP grafting treatment in promoting the interfacial adhesion between aramid fibers and the epoxy matrix. However, the tensile strength of single fibers is almost unaffected by the RES treatment. The optimum ILSS is obtained at a 0.5 wt.% content of rare-earth elements.