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My previous federal Stafford Loan carries a variable interest rate and my 2009-10 federal Stafford Loan will have a fixed interest rate. Why this complication?

April 26, 2017carries complication Federal fixed Interest rate loan previous Stafford

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My previous federal Stafford Loan carries a variable interest rate and my 2009-10 federal Stafford Loan will have a fixed interest rate. Why this complication?

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Federal regulations change. Loan for periods of enrollment prior to July 1, 2006 carried a variable interest rate. Loans for periods of enrollment after June 30, 2006 but until 7/1/08 carried a fixed interest rate of 6.8%. Loans for the 2008-09 academic year carry a fixed 6% interest rate if the loan is federally-subsidized or 6.8% if the loan is unsubsidized. Federal Stafford Loans for the 2009-10 academic year will carry a 5.6% interest rate if the loan is federally-subsidized, and 6.8% if the loan is unsubsidized.