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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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