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What is the interest rate on my student loans?

April 26, 2017Interest rate student loans

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What is the interest rate on my student loans?

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A. Interest rates on federal student loans can either have a fixed interest rate or a variable interest rate. New loans first disbursed on or after July 1, 2006, will have a fixed interest rate. Loans disbursed prior to July 1, 2006, will have a variable rate that will change every July 1 and will not exceed 8.25 percent for Federal Stafford loans or 9.00 percent for Federal PLUS loans. Your loan holder will notify you of interest rate changes throughout the life of your loan.