Interest rate changes on federal student loans | 06.03.08

Posted in FAFSA, PLUS Loans, Stafford Loan By Student Loan Network Staff

As of July 1, 2008, interest rates will be changing on federal student loans such as the Stafford loan. Here’s a quick rundown of the details:

For new Stafford loans:

  • Subsidized: 6.0%
  • Unsubsidized: 6.8%

For Stafford loans older than July 1, 2006:

  • In grace period: 3.61%
  • In repayment: 4.21%

For PLUS loans older than July 1, 2006:

  • All older PLUS loans: 5.01%

If you’re just filing your FAFSA now, be aware that loan limits have increased as well; you’ll receive additional details from your school’s financial aid office in your award letter and financial aid package.


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