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What is the interest rate on my Stafford loan?

April 26, 2017Interest rate loan Stafford

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What is the interest rate on my Stafford loan?

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Stafford loans have variable interest rates (based on 91-day T-bill rate + 1.7% during school with an additional .6% increase upon graduation) capped at 8.25% or less, depending on yearly adjustments. All lenders offer the same rate for the Stafford loan, although some give discounts for on-time and electronic payment of the loan after graduation.

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Effective for loans disbursed after July 1, 2008, the interest rate on the subsidized Stafford loan will be 6%; un-subsidized loan will be 6.8%.