Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Summary: FFEL and Direct Loan Interest Rates Effective July 1, 2007

Publication Date: May 30, 2007

Author: Jeff Baker, Director Policy Liaison and Implementation, Federal Student Aid

Summary: FFEL and Direct Loan Interest Rates Effective July 1, 2007

Posted on 05-30-2007

Loans First Disbursed on or After July 1, 2006

Loan Type
Status
Program
7/1/2007 to 6/30/2008
Direct Loans
FFEL
Subsidized Loans
Repayment or Forbearance
6.80
6.80
In-School, Grace, or Deferment
6.80
6.80
Unsubsidized Loans

Repayment or Forbearance

6.80
6.80
In-School, Grace, or Deferment
6.80
6.80
PLUS Loans
All
7.90
8.50

Loans First Disbursed Between July 1, 1998 and June 30, 2006

These rates were calculated based upon statutory formulas and equal the bond equivalent rate of the 91-day Treasury bills auctioned on May 29, 2007, plus certain statutory percentage add-ons. The 91-day Treasury bills were auctioned at 4.919 percent, rounded to 4.92 percent.

Loan Type
Status
Program
Direct Loans
FFEL
7/1/2006 to 6/30/2007
7/1/2007 to 6/30/2008
7/1/2006 to 6/30/2007
7/1/2007 to
6/30/2008
Subsidized Loans
Repayment or Forbearance
7.14
7.22
7.14
7.22
In-School, Grace, or Deferment
6.54
6.62
6.54
6.62
Unsubsidized Loans

Repayment or Forbearance

7.14
7.22
7.14
7.22
In-School, Grace, or Deferment
6.54
6.62
6.54
6.62
PLUS Loans
All
7.94
8.02
7.94
8.02

Notes:

  • Interest rates on Stafford and PLUS loans disbursed before July 1, 1998, are calculated using different statutory formulas, percentage add-ons, or both.
  • Generally, interest rates on Consolidation Loans are fixed rates calculated based on the weighted average of the loans being consolidated rounded up to the next higher 1/8 percent, not to exceed 8.25%.

Last Modified: 05/29/2007