May 25

Search University » Financial Aid » Loans » Federal Students Aid: FAFSA » Stafford Loans » The Interests Stafford Loans (FFELS and Direct Loans)

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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

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