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).