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Student loan interest rates

Federal student loans

The education loan interest rate on Federal education loans change on July 1, and are based on the 91-day rate from the last Treasury auction in May and the average one-year constant maturity Treasury yield for the last calendar week ending on or before June 26th.

These will re-adjust every July 1 based on the results of the 91-day Treasury Bill.

*Interest rates on Federal Stafford Subsidized and Unsubsidized Loans change yearly but will never exceed 8.25%.

Stafford Loan	FIXED	VARIABLE
The interest rate on Stafford loans first disbursed beginning July 1, 2006	6.8%.	NA
The interest rate on Stafford loans first disbursed on or after July 1, 1998 but before June 30, 2006 is variable and may change on July 1 of each year but will never exceed 8.25%. The rate is based on:	NA	The 91-day T-bill rate + 1.70% during in-school, grace, and deferment periods. The 91-day T-bill rate + 2.30% during repayment periods.
The current interest rate on Stafford loans first disbursed on or after July 1, 1998 but before June 30, 2006 during in-school, grace, and deferment periods.	6.62%	NA
The current interest rate on Stafford loans first disbursed on or after July 1, 1998 but before June 30, 2006 in repayment	7.22%	NA

PLUS loan

FIXED

VARIABLE

The interest rate on PLUS loans first disbursed beginning July 1, 2006

8.5%.

The interest rate on PLUS loans first disbursed on or after July 1, 1998 but before June 30, 2006 is variable.

It may change annually on July 1 but will never exceed 9%.

The current interest rate on these variable rate PLUS loans

8.02%.

Federal Student Loan Consolidation

FIXED

VARIABLE

The fixed interest rate for consolidation loans varies from borrower to borrower.

Interest rates are based on the borrower's underlying loans' primary rates and do not include discounts for interest reduction benefits. Special rules apply to consolidation loans that include HEAL loans.

Generally expected rate is

4.75% to 6.125%

Different interest rates apply to federal Stafford, PLUS, and consolidation loans issued before July 1, 1998.

Students Note: This interest rates information is provided for the convenience of you if u want to avail a loan, and it is a summary of applicable terms and, as such, may not be complete.

NA - Not Applicable

Students, parents, and

anyone with federal loans can consolidate online

as there are many agencies who provide help with these and they can be searched onlineand and

get more information on these.

They generally offer great benefits and the best consolidation rates and services for students and graduates

Loans and Debt Consolidations

Click Here! for student loan and their consolidation and other help with loans