Office of Student Aid : Loans : Current Loan Interest Rates
Loan Interest Rates
2011-12 Academic Year
Fixed loan interest rates for the 2011-12 academic year (effective July 1, 2011) for loans disbursed on or after July 1, 2011: |
|
| Federal Direct Stafford-Undergraduate - Subsidized (repayment only) | 3.4% |
| Federal Direct Stafford-Graduate - Subsidized (repayment only) | 6.8% |
| Federal Direct Stafford-Undergraduate/Graduate - Unsubsidized (in-school, grace, deferment and repayment periods) | 6.8% |
| Federal Direct Parent PLUS Loan | 7.9% |
| Federal Direct Graduate PLUS Loan | 7.9% |
2010-11 Academic Year
Fixed loan interest rates for the 2010-11 academic year (effective July 1, 2010) for loans disbursed on or after July 1, 2010: |
|
| Federal Direct Stafford-Undergraduate - Subsidized (repayment only) | 4.5% |
| Federal Direct Stafford-Graduate - Subsidized (repayment only) | 6.8% |
| Federal Direct Stafford-Undergraduate/Graduate - Unsubsidized (in-school, grace, deferment and repayment periods) | 6.8% |
| Federal Direct Parent PLUS Loan | 7.9% |
| Federal Direct Graduate PLUS Loan | 7.9% |
A Note about Federal Consolidation Loans:
The interest rate for a consolidation loan is the weighted average of the interest rates on the loans being consolidated (as of the date the application for consolidation is received), rounded to the nearest higher one-eighth of one percent. This rate is fixed for the life of the loan and cannot exceed 8.25%.