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What is the interest-rate calculation for Stafford loans disbursed prior to July 1, 2006?

April 26, 2017calculation disbursed july 1 2006 Loans prior Stafford

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What is the interest-rate calculation for Stafford loans disbursed prior to July 1, 2006?

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The interest rate for Stafford loans disbursed prior to July 1, 2006, will continue to be a variable rate adjusted annually as of July 1. The rate will be based on the 91-day Treasury bill rate as of the last auction prior to June 1 of each year.