Interest Rates Chart
| Stafford Loans | 2006 - 2007 (current rates) |
2007 - 2008 (new rates) |
|---|---|---|
| Disbursed On/After 10/1/92 & Before 7/1/94 | 7.94% | 8.02% |
| Disbursed On/After 7/1/94 | 7.94% | 8.02% |
| Disbursed On/After 7/1/94 & Before 7/1/95 | 7.94% | 8.02% |
| Disbursed On/After 7/1/95 & Before 7/1/98 In-School and Grace Period All Other Periods |
7.34% 7.94% |
7.42% 8.02% |
| Disbursed On/After 7/1/98 & Before 7/1/06 In-School and Grace Period All Other Periods |
6.54% 7.14% |
6.62% 7.22% |
| Disbursed On/After 7/1/06 | 6.80% | 6.80% |
| SLS Loans | 2006 - 2007 (current rates) |
2007 - 2008 (new rates) |
|---|---|---|
| Disbursed Before 10/1/92 | 8.49% | 8.20% |
| Disbursed On/After 10/1/92 | 8.34% | 8.05% |
| PLUS Loans | 2006 - 2007 (current rates) |
2007 - 2008 (new rates) |
|---|---|---|
| Disbursed Before 10/1/92 | 8.49% | 8.20% |
| Disbursed On/After 10/1/92 & Before 7/1/94 | 8.34% | 8.05% |
| Disbursed On/After 7/1/94 & Before 7/1/98 | 8.34% | 8.05% |
| Disbursed On/After 7/1/98 | 7.94% | 8.02% |
| Disbursed On/After 7/1/06 | 8.50% | 8.50% |
| Consolidation Loans |
|---|
| Although there is no deadline to consolidate your loans, each year interest rates change on July 1st and can go up as high as 8.25%. The interest rate on a consolidation loan is based on the weighted average of the current statutory rates of your existing loans and rounded up to the nearest 1/8th of 1%. |