|
Interest rates
for Stafford and PLUS Loans in the Federal Family
Education Loan Programs
Interest Rates for Loans
First Disbursed on or After July 1, 2006
|
Loan Type |
Status
|
7/1/2006 to
6/30/2008 |
7/1/2008 to
6/30/2009 |
|
Subsidized Loans |
Undergraduate |
6.80 |
6.00 |
|
Graduate |
6.80 |
6.80 |
|
Unsubsidized Loans |
Undergraduate |
6.80 |
6.80 |
|
Graduate |
6.80 |
6.80 |
|
PLUS Loans |
All |
8.50 |
8.50 |
Variable Interest Rates
for Loans First Disbursed Between July 1, 1998 to June
30, 2006
These rates were
calculated based upon statutory formulas and equal the
bond equivalent rate of the 91-day Treasury bills
auctioned on May 27, 2008, plus certain statutory
percentage add-ons. The 91-day Treasury bills were
auctioned at 1.905 percent, rounded to 1.91 percent.
|
Loan Type |
Status
|
7/1/2007 to
6/30/2008 |
7/1/2008 to
6/30/2009 |
|
Subsidized Loans |
Repayment or Forbearance |
7.22 |
4.21 |
|
In-school, Grace or Deferment |
6.62 |
3.61 |
|
Unsubsidized Loans |
Repayment or Forbearance |
7.22 |
4.21 |
|
In-school, Grace or Deferment |
6.62 |
3.61 |
|
PLUS Loans |
All |
8.02 |
5.01 |
Notes:
·
Interest rates on Stafford and PLUS loans
disbursed before July 1, 1998, are
calculated using different statutory formulas,
percentage add-ons, or both.
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