Publication Date: May 2006 Author: Chief Operating Officer, Federal Student Aid Summary: Interest Rates for Stafford and PLUS Loans in the Direct Loan and Federal Family Education Loan Programs Effective July 1, 2006 Posted on 05-31-2006 Interest Rates for Loans First Disbursed on or After July 1, 2006
Interest Rates for Loans First Disbursed Between July 1, 1998 and June 30, 2006 The 2006-2007 rates were calculated based upon statutory formulas and equal the bond equivalent rate of the 91-day Treasury bills auctioned on May 30, 2006, plus certain statutory percentage add-ons. The 91-day Treasury bills were auctioned at 4.843 percent, rounded to 4.84 percent.
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