Interest Rates

Interest Rate Chart


Interest is accrued using a Simple Daily Interest Formula. It is a simple formula that multiplies your loan balance by the number of days since your last payment times the Interest Rate Factor. The Interest Rate Factor is your interest rate divided by the number of days in a year (365.25). Please use the Repayment/Amortization Calculator to help you in estimating your interest paid.

STAFFORD LOANS2010-2011
Rates
2011-2012
Rates
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2011 and 6/30/2012 (Any Status) - FixedN/A3.40%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2010 and 6/30/2011 (Any Status) - Fixed4.50%4.50%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2009 and 6/30/2010 (Any Status) - Fixed5.60%5.60%
Undergraduate Subsidized Stafford Loans with first disbursement date between 7/1/2008 and 6/30/2009 (Any Status) - Fixed6.00%6.00%
All Stafford Loans with first disbursement date on/after 7/1/2006, excepting Undergraduate Subsidized with first disbursement date between 7/1/2008 and 6/30/2012 (Any Status) - Fixed6.80%6.80%
Loans with first disbursement date between 7/1/1998 and 6/30/2006 (Repayment or Forbearance) - Variable2.47%2.36%
Loans with first disbursement date between 7/1/1998 and 6/30/2006 (In-School, Grace or Deferment) - Variable1.87%1.76%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (Repayment or Forbearance) - Variable3.27%3.16%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (In-School, Grace or Deferment) - Variable2.67%2.56%
Loans with first disbursement date between 7/1/1994 and 6/30/1995 (Any Status) - Variable3.27%3.16%

PARENT AND STUDENT PLUS LOANS10-11 Rates11-12 Rates
Loans with first disbursement date on or after 7/1/2006 (Any Status) - Fixed7.90%7.90%
Loans with a first disbursement date between 7/1/1998 and 6/30/2006 (Any Status) - Variable3.27%3.16%
Loans with a first disbursement date before 7/1/1998 (Any Status) - Variable3.39%3.27%

SUBSIDIZED AND UNSUBSIDIZED CONSOLIDATION LOANS10-11 Rates11-12 Rates
Loans for which the application was received on or after 2/1/1999 (Any Status) - FixedThe lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percentThe lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent
Loans for which the application was received between 10/01/1998 and 1/31/1999 (Any Status) - Variable2.47%2.36%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (Repayment or Forbearance Status) - Variable2.47%2.36%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (In-School, Grace, or Deferment Status) - Variable1.87%1.76%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (Repayment or Forbearance Status) - Variable3.27%3.16%
Loans with first disbursement date between 7/1/1995 and 6/30/1998 (In School, Grace, or Deferment) - Variable2.67%2.56%
Loans with first disbursement date between 7/1/1994 and 6/30/1995 (Any Status) - Variable3.27%3.16%

PLUS CONSOLIDATION LOANS10-11 Rates11-12 Rates
Loans for which the application was received on or after 2/1/1999 (Any Status) - FixedThe lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percentThe lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent
Loans for which the application was received between 10/01/1998 and 1/31/1999 (Any Status) - Variable2.47%2.36%
Loans with first disbursement date between 7/1/1998 and 9/30/1998 and loans with first disbursement date on or after 10/1/1998 for which the application was received before 10/1/1998 (Any Status) - Variable3.27%3.16%
 


bottomimage