What is the interest rate on the Federal Stafford loan?
The current federally set interest rates for subsidized undergraduate Stafford loans first disbursed on or after July 1, 2008 through June 30, 2009 is a fixed rate of 6.0%. Effective July 1, 2009 through June 30, 2010, this fixed rate decreases to 5.6% .The interest rate on unsubisidized Stafford (undergraduate and graduate) or subsidized graduate Stafford loans is a fixed rate of 6.80% from July 1, 2008 through June 30, 2010.