Interest Rate Charts
- Direct Stafford Loans
- Direct PLUS Loans
- Direct Consolidation Loans
- Direct PLUS Consolidation Loans
- FFELP Stafford Loans
- FFELP PLUS Loans
- FFELP Supplemental Loans to Students (SLS)
- FFELP Consolidation Loans
NOTE: Since July 1, 2010, the William D. Ford Federal Direct Loan Program issues all federal student loans (Direct Loans). The Federal Family Education Loan Program (FFELP) no longer disburses student loans.
Direct Stafford Loans
| Disbursement Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
|
On/after 7/1/11 and before 7/1/13 Subsidized undergraduate Subsidized graduate Unsubsidized |
3.4% 6.8% 6.8% |
3.4% 6.8% 6.8% |
|
On/after 7/1/10 and before 7/1/11 Subsidized undergraduate Subsidized graduate Unsubsidized |
4.5% 6.8% 6.8% |
4.5% 6.8% 6.8% |
|
On/after 7/1/09 and before 7/1/10 Subsidized undergraduate Subsidized graduate Unsubsidized |
5.6% 6.8% 6.8% |
5.6% 6.8% 6.8% |
|
On/after 7/1/08 and before 7/1/09 Subsidized undergraduate Subsidized graduate Unsubsidized |
6% 6.8% 6.8% |
6% 6.8% 6.8% |
| On/after 7/1/06 and before 7/1/08 | 6.8% | 6.8% |
|
On/after 7/1/98 and before 7/1/06 In-school, grace period, and deferment All other periods |
1.76% 2.36% |
1.79% 2.39% |
|
On/after 7/1/95 and before 7/1/98 In-school, grace period, and deferment All other periods |
2.56% 3.16% |
2.59% 3.19% |
| On/after 7/1/94 and before 7/1/95 | 3.16% | 3.19% |
Direct PLUS Loans
| Disbursement Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
| On/after 7/1/06 | 7.9% | 7.9% |
| On/after 7/1/98 and before 7/1/06 | 3.16% | 3.19% |
| On/after 7/1/94 and before 7/1/98 | 3.27% | 3.29% |
Direct Consolidation Loans
| Key Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
| Application received on/after 2/1/99 | Based on the weighted average of the interest rates on the consolidated loans rounded up to the next 1/8th of 1%, not to exceed 8.25% | |
| Application received on/after 1/17/12 and before 7/1/12 for the Special Direct Consolidation Loan initiative | Fixed interest rate equal to the interest rate charged1 on the underlying loan minus 0.25%. | |
| Disbursed on/after 7/1/10 and before 7/1/112 | Based on the weighted average of the interest rates on the consolidated loans without rounding, not to exceed 8.25% | |
| Application received on/after 10/1/98 and before 2/1/99 | 2.36% | 2.39% |
|
Disbursed on/after 7/1/98 for an application received before 10/1/98 In-school, grace period, and deferment All other periods |
1.76% 2.36% |
1.79% 2.39% |
|
Disbursed on/after 7/1/95 and before 7/1/98 In-school, grace period, and deferment All other periods |
2.56% 3.16% |
2.59% 3.19% |
| Disbursed on/after 7/1/94 and before 7/1/95 | 3.16% | 3.19% |
1Actual rate in effect, including interest rate incentives offered by the prior loan holder, rather than the statutory rate on the loan.
2Applies to borrowers whose consolidation applications include loans that are in an in-school status as authorized by the Temporary In-School Consolidation Authority; if the consolidation includes at least one variable interest rate loan that is receiving the in-school/grace/deferment interest rate, use the "Application received on/after 2/1/99" rate calculation.
Direct PLUS Consolidation Loans1
| Key Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
| Application received on/after 2/1/99 and disbursed before 7/1/06 | Based on the weighted average of the interest rates on the consolidated loans rounded up to the next 1/8th of 1%, not to exceed 8.25% | |
| Application received on/after 10/1/98 and before 2/1/99 | 2.36% | 2.39% |
| Disbursed on/after 7/1/98 for an application received before 10/1/98 | 3.16% | 3.19% |
| Disbursed on/after 7/1/94 and before 7/1/98 | 3.27% | 3.29% |
1As of July 1, 2006, this loan type is no longer available.
FFELP Stafford Loans
| Key Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
|
Disbursed on/after 7/1/09 and before 7/1/10 Subsidized undergraduate Subsidized graduate Unsubsidized |
5.6% 6.8% 6.8% |
5.6% 6.8% 6.8% |
|
Disbursed on/after 7/1/08 and before 7/1/09 Subsidized undergraduate Subsidized graduate Unsubsidized |
6% 6.8% 6.8% |
6% 6.8% 6.8% |
| Disbursed on/after 7/1/06 and before 7/1/08 | 6.8% | 6.8% |
|
Disbursed on/after 7/1/98 and before 7/1/06 In-school, grace period, and deferment All other periods |
1.76% 2.36% |
1.79% 2.39% |
|
Disbursed on/after 7/1/95 and before 7/1/98 In-school, grace period, and deferment All other periods |
2.56% 3.16% |
2.59% 3.19% |
| Disbursed on/after 7/1/94 and before 7/1/95 | 3.16% | 3.19% |
| Disbursed on/after 10/1/92 and before 7/1/94 (to a first-time borrower) | 3.16% | 3.19% |
| Disbursed on/after 7/23/92 and before 7/1/941 (to a borrower with outstanding 8/10%, 7%, 8%, or 9% loans at disbursement) | 3.16% | 3.19% |
| Disbursed on/after 10/1/92 and before 12/20/931 (to a first-time Stafford Loan borrower) | 3.31% | 3.34% |
| Disbursed before 10/1/92 for enrollment after 7/1/882 (to a borrower with 8%/10% loans) | 3.31% | 3.34% |
| For enrollment before 7/1/88 (to a first-time Stafford Loan borrower) | 8% | 8% |
| For enrollment on/after 9/13/83 and before 7/1/88 (to a first-time borrower) | 8% | 8% |
| For enrollment on/after 1/1/81 and before 9/13/83 (to a first-time borrower) | 9% | 9% |
| For enrollment before 1/1/81 (to a first-time borrower) | 7% | 7% |
1Interest rates converted from fixed to variable no later than 1/1/95.
2Instead of converting to a 10% fixed interest rate, the rates converted from 8% fixed rate to a variable rate after the 48 month of repayment.
FFELP PLUS Loans
| Disbursement Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
| On/after 7/1/06 and before 7/1/10 | 8.5% | 8.5% |
| On/after 7/1/98 and before 7/1/06 | 3.16% | 3.19% |
| On/after 7/1/94 and before 7/1/98 | 3.27% | 3.29% |
| On/after 10/1/92 and before 7/1/94 | 3.27% | 3.29% |
| Before 10/1/92 | 3.42% | 3.44% |
FFELP Supplemental Loans to Students (SLS)
| Disbursement Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
| On/after 10/1/92 | 3.27% | 3.29% |
| Before 10/1/92 | 3.42% | 3.44% |
FFELP Consolidation Loans
| Key Date | 2011–2012 Interest Rate | 2012–2013 Interest Rate |
|---|---|---|
| Application received on/after 10/1/98 and disbursed before 7/1/10 | Based on the weighted average of the interest rates on the consolidated loans rounded up to the next 1/8th of 1%, not to exceed 8.25% | |
| Application received on/after 11/13/97 and before 10/1/98 | 3.16% | 3.19% |
| Disbursed on/after 7/1/94 for an application received before 11/13/97 | Based on the weighted average of the interest rates on the consolidated loans rounded up to the next whole percent. | |