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Author Topic: 2008 Interest Rate Changes  (Read 903 times)

Bouzie

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2008 Interest Rate Changes
« on: March 22, 2008, 01:59:42 PM »
Anyone want to venture a guess (or know for sure) as to what the interest rate for Stafford loans will be for 08-09?  I'd assume substantially lower than they are this year.
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hbb

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Re: 2008 Interest Rate Changes
« Reply #1 on: March 22, 2008, 09:01:15 PM »
Stafford loans disbursed on or after 7/1/2006 are fixed at 6.8%* until June of 2012.




*Subsidized Stafford loans for undergrads are on schedule to reduce to 6.0% in 2008/2009, and Stafford loans disbursed prior to 7/1/2006 change based upon the 91-day T-Bill rate: the most recent bracket (7/1/1998-6/30/2006) would work out to be 3.4% at the repayment rate using this month's 91-day T-Bill rate.