|
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 |
| Subsidized
Loans |
Repayment or Forbearance |
6.80 |
| In-school, Grace or Deferment |
6.80 |
| Unsubsidized
Loans |
Repayment or Forbearance |
6.80 |
| In-school, Grace or Deferment |
6.80 |
| PLUS Loans |
All |
8.50 |
Interest Rates for Loans
First Disbursed Before July 1, 2006
| Loan
Type |
Status
|
7/1/1998 to 6/30/2006 |
| Subsidized
Loans |
Repayment or Forbearance |
7.22 |
| In-school, Grace or Deferment |
6.62 |
| Unsubsidized
Loans |
Repayment or Forbearance |
7.22 |
| In-school,
Grace or Deferment |
6.62 |
| PLUS Loans |
All |
8.02 |
Notes:
-
Stafford
Loans -
based on the bond equivalent rate of 91-day Treasury
Bills auctioned at the final auction held before
June 1st of each year. The bond equivalent rate
for 91-day Treasury Bills auctioned on May 29, 2007
is 4.919 percent, which rounds to 4.92 percent.
-
PLUS/SLS Loans
- based on either the bond equivalent rate of 91-day
Treasury Bills auctioned at the final auction held
before June 1st of each year, or the weekly average
of the one-year constant maturity Treasury yield
as published for the last calendar week ending on
or before June 26th of each year. The bond equivalent
rate for 91-day Treasury Bills auctioned on May
29, 2007, is 4.919 percent, which rounds to 4.92
percent. The weekly average of the one-year constant
maturity Treasury yield for the last calendar week
ending on or before June 26th is 4.95 percent.
-
Consolidation Loans
- for which the loan application was received by
an eligible lender on or after 11/13/97 but prior
to 10/1/98 are based on the bond equivalent rate
of 91-day Treasury Bills auctioned at the final
auction held before June 1st of each year, or 4.92
percent. For the HEAL portion of consolidation loans
for which the loan application was received by an
eligible lender on or after 11/13/97, the rate is
based on the average of the bond equivalent rates
of the 91-day Treasury Bills auctioned for the quarter
ending June 30th of each year, or 4.895 percent
which rounds to 4.90 percent.
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