Interest rate changes on federal student loans | 06.03.08

Posted in FAFSA, PLUS Loans, Stafford Loan By Kristin Morris

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.


The FAFSA blog is sponsored in part by:



Five most recent FAFSA form help blog posts:


5 Most Recent Student Loans Blog Posts:


The Student Loan Help blog is sponsored in part by:


Leave a Reply

By clicking 'Submit Comment', you agree to the Edvisors Terms of Use and Privacy Policy.