On July 1 of each year, the interest rates for applicable Federal Stafford, SLS, and PLUS loans are subject to change.

Current and upcoming fixed interest rates are listed below.

• For a subsidized Stafford loan made to an undergraduate student for which the first disbursement is made on or after:
  
  

  July 1, 2006, and before July 1, 2008	6.8%
  July 1, 2008, and before July 1, 2009	6.0%
  July 1, 2009, and before July 1, 2010	5.6%
  July 1, 2010, and before July 1, 2011	4.5%
  July 1, 2011, and before July 1, 2012	3.4%

  Note: The interest rate for each loan period remains fixed for the life of the loan.

• For an unsubsidized Stafford loan made to an undergraduate student or any Stafford loan made to a graduate student for which the first disbursement is made on or after July 1, 2006, the fixed interest rate is 6.8% for the life of the loan.
• All Federal PLUS loans that are first disbursed on or after July 1, 2006, have a fixed interest rate of 8.5 percent for the life of the loan.

The chart titled "2007-2008 Interest Rates," available in the right-hand column, provides a comprehensive listing of interest rates.

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2008-2009 Interest Rates