Federal Loan Interest Rates
Fixed Rate Loans
Federal loans first disbursed on or after 7/1/2006 with an In-School, Grace, Deferment, Repayment or Forbearance status will have the following fixed interest rate:
| Undergraduate |
| Loan Type |
First Disbursed between 7/1/2008 and 6/30/2009 |
First Disbursed between 7/1/2009 and 6/30/2010 |
First Disbursed between 7/1/2010 and 6/30/20112 |
| Subsidized |
6.0% |
5.6% |
4.5% |
| Unsubsidized |
6.8% |
6.8% |
6.8% |
| Parent PLUS |
8.5%1 |
8.5%1 |
7.9% |
| Graduate |
| Loan Type |
First Disbursed
between 7/1/2008 and 6/30/2009 |
First Disbursed
between 7/1/2009 and 6/30/2010 |
First Disbursed
between 7/1/2010 and 6/30/20112 |
| Subsidized & Unsubsidized |
6.8% |
6.8% |
6.8% |
| Grad PLUS |
8.5%1 |
8.5%1 |
7.9% |
1) Parent and Grad PLUS Loans made through the Department of Education's (DOE) Direct Loan (DL) Program will have an interest rate of 7.9%. Rates shown above are for PLUS loans disbursed through the Federal Family Education Loan Program (FFELP).
2) Effective July 1, 2010, all Federal Stafford and PLUS loans will be made through the DL Program.
Variable Rate Loans
Federal loans first disbursed between 7/1/1998 and 6/30/2006 will have a variable interest rate. Variable interest rates are calculated based upon statutory formulas and equal the bond equivalent rate of the 91-day Treasury bill auctioned at the final auction in May of each year, plus certain statutory percentage add-ons.
| Undergraduate & Graduate |
| Loan Type |
Loan Status |
For the Period 7/1/2008 to 6/30/2009 |
For the Period 7/1/2009 to 6/30/2010 |
For the Period 7/1/2010 to 6/30/2011 |
Subsidized
& Unsubsidized |
Repayment & Forbearance |
4.21% |
2.48% |
2.47% |
| In-School, Grace or Deferment |
3.61% |
1.88% |
1.87% |
PLUS (Parent &
Grad PLUS) |
All Statuses |
5.01% |
3.28% |
3.27% |
Note: Interest rates on loans disbursed prior to 7/1/1998 will differ. Please consult your lender for interest rate details.
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