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Federal Education Loan Rates --These rates effective 1 July 2008; Federal Education Loan Rates --These rates effective 1 July 2008

Loan Type Repayment Terms APR* Rate Cap Conditions
Federal Stafford
Subsidized Student Loans * NEW: Subsidized rate for Undergraduates only, fixed at 5.6% (Loans first disbursed after 1 July 2009 only)border=0
up to
10 years		6.80%Fixed Rate,repayment and interest start 6 months after leaving school. 0% origination fee; 1% guarantee fee
Federal Stafford
Unsubsidized Student Loans * border=0
up to
10 years		6.80%Deferment available, fixed rate. 0% origination fee; 1% guarantee fee
Federal Parent Loans
for Undergraduate Student and GRAD PLUSborder=0
up to
10 years		8.50%Fixed rate, 3% origination fee; 1% guarantee fee
Federal Student
Loan Consolidation
up to
30 Years		n/a8.25%Weighted average of interest rates on the loans consolidated rounded up to the nearest 1/8th of 1% or 8.25%, whichever is lower. Fixed rate.

 

*FEDERAL EDUCATION LOAN RATES -- THESE RATES EFFECTIVE 1 JULY 2008