Search University
May 22


Stafford Loans (FFELS and Direct Loans)

University search



      The interest rate would vary according to the date of application, for both Direct Loans and FFEL programs.

      -   2007-2008:

Loan Type Status Program
7/1/2007 to 6/30/2008
Direct Loans FFEL
Subsidized Loans Repayment or Forbearance 6.80 6.80
In-School, Grace or Deferment 6.80 6.80
Unsubsidized Loans Repayment or Forbearance 6.80 6.80
In-School, Grace or Deferment 6.80 6.80
PLUS Loans All 7.90 8.50


      -   2006-2008:

Loan Type Status Program
Direct Loans FFEL
7/1/2006
to
6/30/2007
7/1/2007
to
6/30/2008
7/1/2006
to
6/30/2007
7/1/2007
to
6/30/2008
Subsidized Loans Repayment
or
Forbearance
7.14 7.22 7.14 7.22
In-School, Grace, or
Deferment
6.54 6.62 6.54 6.62
Unsubsidized Loans Repayment
or
Forbearance
7.14 7.22 7.14 7.22
In-School, Grace, or
Deferment
6.54 6.62 6.54 6.62
PLUS Loans All 7.94 8.02 7.94 8.02


      From July 1, 2008, the interest rate will be reduced. The following rates apply to subsidized Stafford loans paid from July 1 of each year to June 30 of the next year. For any unsubsidized Stafford Loan continue at the current interest rate of 6.8 percent.

First disbursement of a loan: Interest rate on the unpaid balance
Made on or after And made before
July 1, 2008 July 1, 2009 6.0 percent
July 1, 2009 July 1, 2010 5.6 percent
July 1, 2010 July 1, 2011 4.5 percent
July 1, 2011 July 1, 2012 3.4 percent


Back to Stafford Loans




About us: Sitemap | About us | Contact Us | Advertising with Us | How to Link to Us




www.SearchUniversity.com

© 2006 - 2018 Search University