How will Stafford loan interest rates for existing borrowers be impacted?
If the borrower’s Stafford loans were disbursed prior to July 1, 2006, the loans will continue to have a variable interest rate that changes each July 1st. If the first disbursement of the borrower’s new Stafford loan occurs on or after July 1, 2006, the interest rate will be the fixed rate of 6.8%. This can result in a borrower having loans at different interest rates.
Related Questions
- What are the new interest rates for Stafford and PLUS loan borrowers when they are in-school, grace, deferment or repayment periods?
- Can the USDA loan approval be based on the contingent to the selling of a borrowers existing home?
- How will Stafford loan interest rates for existing borrowers be impacted?
