Office of Student Aid : Graduate Students : Loans : Current Loan Interest Rates
Current Loan Interest Rates
Fixed loan interest rates for the 2008-09 academic year (effective July 1, 2006) for loans disbursed on or after July 1, 2006: |
|
| Federal Direct Stafford - Subsidized (in-school, grace, deferment and repayment periods) | 6.0% |
| Federal Direct Stafford - Unsubsidized (in-school, grace, deferment and repayment periods) | 6.8% |
| Federal Direct Graduate PLUS Loan |
7.9%* |
Variable loan interest rates** for the 2008-09 academic year (effective July 1, 2007 through June 30, 2008) for loans disbursed after July 1, 1998 but prior to July 1, 2006: |
|
| Federal Direct Stafford (in-school, grace, and deferment) | To Be Announced |
| Federal Direct Stafford (during repayment) | To Be Announced |
**Variable interest rates for Federal Stafford Loans will change every July 1. However, by law, they will never exceed 8.25%.
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 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 percent.