Federal Direct Student Loans

 

Current Interest Rates for DIRECT LOANS

6.8% for Federal Stafford Loans during in-school, grace and deferment periods (effective July 1, 2007)

6.0% for Federal Stafford Loans during in-school, grace and deferment periods (effective July 1, 2008)

5.6% for Federal Stafford Loans during in-school, grace and deferment periods (effective July 1, 2009)

4.5% for Federal Stafford Loans during in-school, grace and deferment periods (effective July 1, 2010)

3.4% for Federal Stafford Loans during in-school, grace and deferment periods (effective July 1, 2011)

7.9% for Federal PLUS Loans during repaymet and deferment (effective July 1, 2007)

 

Current Interest Rates for FFELP LOANS effective July 1, 2007

6.8% for Federal Stafford Loans during in-school, grace and deferment periods

8.5% for Federal PLUS Loans during repaymet and deferment (Based on the 91-day T-bill + 3.1%, not to exceed 9.00%

 

ALTERNATIVE STUDENT LOANS