Federal Student Loans Interest Rates
Federal Loans Disbursed On or After July 1, 2006*
These rates are for loans first disbursed to all borrowers on or after
July 1, 2006. The rate is fixed.
*For undergraduate Subsidized Federal Stafford Loans with disbursements made on or after July 1, 2008, and before July 1, 2009, the interest rate will be fixed at 6.00% for the life of the loan.
| Loan |
Fixed Interest Rate |
| Federal Stafford Loans |
6.80% |
| Federal PLUS Loans |
8.50% |
| Federal Grad PLUS Loans |
8.50% |
Federal Loans Disbursed Between July 1, 1998, and June 30,
2006
These rates are for loans first disbursed to all borrowers after July 1,
1998, and before June 30, 2006. These rates are subject to change every
July 1. Loans taken out prior to July 1, 1998, may have different
interest rates. Please check your original promissory note.
| Loan |
Loan Status |
Current Variable Interest Rate
(July 1, 2007 – June 30, 2008) |
Formula Used |
| Federal Stafford Loans |
Repayment or Forbearance |
7.22% |
Bond-equivalent rate for 91-day T-bills
plus 2.30%, not to exceed 8.25% |
| Federal Stafford Loans |
In-school, Grace or Deferment |
6.62% |
Bond-equivalent rate for 91-day T-bills
plus 1.70%, not to exceed 8.25% |
| Federal PLUS Loans |
All |
8.02% |
Bond-equivalent rate for 91-day T-bills
plus 3.10%, not to exceed 9.00% |
|