|
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
|
First disbursed
between
7/1/2008 to
6/30/2009 |
First disbursed
between 7/1/2009 to
6/30/2010 |
|
Subsidized Loans |
Undergraduate |
6.00 |
5.60 |
|
Graduate |
6.80 |
6.80 |
|
Unsubsidized Loans |
Undergraduate |
6.80 |
6.80 |
|
Graduate |
6.80 |
6.80 |
|
PLUS Loans |
Parent & Grad Student |
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 26, 2009, plus certain statutory
percentage add-ons. The 91-day Treasury bills were
auctioned at 0.178 percent, rounded to 0.18 percent.
|
Loan Type |
Loan Status
|
For the period
7/1/2008 to
6/30/2009 |
For the period
7/1/2009 to
6/30/2010 |
|
Subsidized Loans |
Repayment or Forbearance |
4.21 |
2.48 |
|
In-school, Grace or Deferment |
3.61 |
1.88 |
|
Unsubsidized Loans |
Repayment or Forbearance |
4.21 |
2.48 |
|
In-school, Grace or Deferment |
3.61 |
1.88 |
|
PLUS Loans - Parent & Grad Student |
All Statues |
5.01 |
3.28 |
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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