Current Interest Rates
Federal Student Loan Interest Rates
Federal Loans Disbursed Between July 1, 2008, and June 30, 2009
These rates are for loans first disbursed to all borrowers on or after July 1, 2008, and before June 30, 2009. The rate is fixed.
| Loan |
Fixed Interest Rate |
| Federal Undergraduate Subsidized Stafford Loans |
6.00% |
| Federal Graduate Subsidized Stafford Loans |
6.80% |
| Federal Undergraduate and Graduate Unsubsidized Stafford Loans |
6.80% |
| Federal FFELP PLUS and Grad PLUS Loans |
8.50% |
Federal Loans Disbursed Between July 1, 2006, and June 30, 2008
These rates are for loans first disbursed to all borrowers on or after July 1, 2006, and before June 30, 2008. The rate is fixed.
| Loan |
Fixed Interest Rate |
| Federal Stafford Loans* |
6.80% |
| Federal FFELP PLUS and 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, 2008 – June 30, 2009) |
Formula Used |
| Federal Stafford Loans* |
Repayment or Forbearance |
4.21% |
Bond-equivalent rate for 91-day T-bills
plus 2.30%, not to exceed 8.25% |
| Federal Stafford Loans* |
In-school, Grace or Deferment |
3.61% |
Bond-equivalent rate for 91-day T-bills
plus 1.70%, not to exceed 8.25% |
| Federal PLUS and Grad PLUS Loans |
All |
5.01% |
Bond-equivalent rate for 91-day T-bills
plus 3.10%, not to exceed 9.00% |
*These interest rates are valid for undergraduate, graduate, subsidized and unsubsidized Federal Stafford Loans.
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