Current Rates Interest Rates for loans borrowed July 1, 2012 - June 30, 2013:
- Direct Loan Stafford Rates {All Lenders}
→ Subsidized Undergraduate Loans: 3.4% fixed
→ Unsubsidized and Graduate Stafford Loans: 6.8% fixed
- Direct PLUS Loans {All Lenders}
→ Rate: 7.9% fixed
- Alternative Loans
→ Rates Vary depending on the lender -- Current rates for variable rate loans range from 3.5% - 6.00% for borrowers/co-borrowers with very good credit. Current rates for fixed rate alternative loans range from 6.5% - 8.00% for borrowers/co-borrowers with very good credit. Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates. Check with individual Alternative Loan Lenders for details.
Current Rates Interest Rates for loans borrowed July 1, 2011 - June 30, 2012:
- Direct Loan Stafford Rates {All Lenders}
→ Subsidized Undergraduate Loans: 3.4% fixed
→ Unsubsidized and Graduate Stafford Loans: 6.8% fixed
- Direct PLUS Loans {All Lenders}
→ Rate: 7.9% fixed
- Alternative Loans
→ Rates Vary -- Currently Ranging 3.5% - 6.00% for borrowers/co-borrowers with very good credit.
Borrowers/co-borrowers who have limited or damaged credit may qualify at significantly higher rates.
Check with individual Alternative Loan Lenders for details.
Current Rates 10/11 Interest Rates for loans borrowed July 1, 2010 - June 30, 2011:
- Direct Loan Stafford Rates {All Lenders}
→ Subsidized Undergraduate Loans: 4.5% fixed
→ Unsubsidized and Graduate Stafford Loans: 6.8% fixed
- Direct PLUS Loans {All Lenders}
→ Rate: 7.9% fixed
Prior Rates 09/10 Interest Rates for loans borrowed July 1, 2009 - June 30, 2010:
- Stafford Rates {All Lenders}
→ Subsidized Undergraduate Stafford Loans: 5.6% fixed
→ Unsubsidized and Graduate Stafford Loans: 6.8% fixed
- PLUS Loans {All Lenders}
→ Rate: 8.5% fixed
Prior Year 08/09
Interest Rates for loans borrowed July 1, 2008 - June 30, 2009
- Stafford Rates {All Lenders}
→ Subsidized Undergraduate Stafford Loans: 6.0% fixed
→ Unsubsidized and Graduate Stafford Loans: 6.8% fixed
- PLUS Loans {All Lenders}
→ Rate: 8.5% fixed
Prior Year 07/08
Interest Rates for loans borrowed July 1, 2007 - June 30, 2008
- Stafford Rates {All Lenders}
→ Subsidized Stafford Loans: 6.8% fixed
→ Unsubsidized Stafford Loans: 6.8% fixed
- PLUS Loans {All Lenders}
→ Rate: 8.5% fixed
Loans Borrowed July 1st, 1998 - June 30, 2006
- Stafford Rates {All Lenders}
→ Variable, Capped at 8.25%
- PLUS Loans {All Lenders}
→ Variable, Capped at 9%