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On July 1 of each year, the interest rates for applicable Stafford, SLS, and PLUS loans are subject to change.
Current and upcoming fixed interest rates for FFELP and Direct Loans are listed below.
- For a subsidized Stafford loan made to an undergraduate student for which the first disbursement is made:
* The Health Care and Education Reconciliation Act of 2010 eliminated new lending under the FFELP such that all Stafford, PLUS, and Consolidation Loans first disbursed on or after July 1, 2010, are required to be made under the Federal Direct Loan Program (FDLP). FFELP loans disbursed before July 1, 2010, retain the terms and conditions of the promissory note for the life of the loan.On or after July 1, 2009, but before July 1, 2010 5.6% On or after July 1, 2010,* but before July 1, 2011 4.5% On or after July 1, 2011, but before July 1, 2013 3.4%
Note: The interest rate for each loan remains fixed for the life of the loan.
- An unsubsidized Stafford loan made to an undergraduate student or a Stafford loan made to a graduate student for which the first disbursement is made on or after July 1, 2006, has a fixed interest rate of 6.8% for the life of the loan.
- A PLUS or Grad PLUS loan that is first disbursed on or after July 1, 2006, has a fixed interest rate of
- 8.5% for FFELP PLUS loans for the life of the loan
- 7.9% for Federal Direct PLUS loans for the life of the loan
- The chart titled "2012-2013 Interest Rates," available in the right-hand column, provides a comprehensive listing of interest rates.
Here are other documents located on www.tgslc.org that you may be interested in:
