Interest Rates for Federal Student Loans
The interest rates listed in the tables below are effective for Federal Stafford and Federal PLUS Loans disbursed from July 1, 2009, to June 30, 2010.
| During |
Maximum Rate |
Current Rate |
| Fixed Interest Rate Stafford Loans (loans disbursed after 7/1/2009) |
| Subsidized |
| Undergraduate |
|
5.60% |
| Graduate |
|
6.8% |
| Unsubsidized |
| Undergraduate |
|
6.8% |
| Graduate |
|
6.8% |
| Variable Interest Rate Stafford Loans* (Subsidized and unsubsidized loans disbursed before 6/30/2006) |
| In-school, grace, and deferment periods |
8.25% |
1.88% |
| All other periods |
8.25% |
2.48% |
| During |
Maximum Rate |
Current Rate |
| Fixed Interest Rate PLUS Loans (loans disbursed after 7/1/2009) |
| All periods |
|
8.50% |
| Variable Interest Rate PLUS Loans* (Subsidized and unsubsidized loans disbursed before 6/30/2006) |
| All periods |
9.00% |
3.28% |
* These loans, first disbursed between 7/1/98 – 6/30/2006 have an annual variable interest rate based on the 91-day T-Bill plus a factor (between 1.7% - 3.1%, depending on loan type).