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Old 06-16-2009, 10:32 AM
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What are the Interest Rates and Fees associated with the Stafford Loans?

What are the interest rates associated with the Stafford Loans?
The interest rate on subsidized Stafford loans for undergraduate students that are first disbursed July 1, 2008–June 30, 2009 is 6%.

For all subsidized Stafford loans for graduate and professional students, and for all unsubsidized Stafford loans for all students, the interest rate is fixed at 6.8%.

For Stafford loans first disbursed beginning July 1, 2006, the interest rate is fixed at 6.8%.

What are the fees associated with the Stafford Loans?
For loans first disbursed July 1, 2008–June 30, 2009: Up to 2% in fees that includes a 1% federal origination fee and a 1% federal default fee.

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