Interest Rate Charts
Depending on the first disbursement date of your loan, it may carry a fixed or variable interest rate.
Fixed Interest Rate Loans
All Direct Loan and Federal Family Education Loan (FFEL) Program loans first disbursed on or after July 1, 2006, have fixed interest rates, which do not change throughout the life of the loan.
| Fixed Interest Rates for Loans First Disbursed on or After July 1, 2006 |
| Loan Type |
Disbursement Date |
Interest Rate |
Direct Subsidized (undergraduate)
Subsidized Federal Stafford (undergraduate) |
July 1, 2006 – June 30, 2008 |
6.80% |
| July 1, 2008 – June 30, 2009 |
6.00% |
| July 1, 2009 – June 30, 2010 |
5.60% |
| July 1, 2010 – June 30, 2011 |
4.50% |
| July 1, 2011 – June 30, 2013 |
3.40% |
| Subsidized (graduate) |
July 1, 2006 – June 30, 2012 |
6.80% |
Direct Unsubsidized (all students)
Unsubsidized Federal Stafford (all students) |
After July 1, 2006 |
6.80% |
| Direct PLUS (student and parent) |
After July 1, 2006 |
7.90% |
| Federal PLUS (student and parent) |
After July 1, 2006 |
8.50% |
Variable Interest Rate Loans
All Direct Loan and FFEL loans first disbursed on or after July 1, 1998, and before July 1, 2006, have variable interest rates, which are adjusted on July 1 each year.
| Variable Interest Rates for Loans First Disbursed July 1, 1998 – June 30, 2006 |
| Loan Type |
Loan Status |
Interest Rate |
| 2011 – 2012 |
2012 – 2013 |
Maximum |
Subsidized
Unsubsidized Stafford |
Repayment or Forbearance |
2.36% |
2.39% |
8.25% |
| In-School, Grace or Deferment |
1.76% |
1.79% |
8.25% |
| PLUS (student and parent) |
Any |
3.16% |
3.19% |
9.00% |
|
