Posted Date:May 24, 2010
|Author:||Jeff Baker, Director, Policy Liaison and Implementation, Federal Student Aid|
Subject: Direct Loan and FFEL Interest Rates Effective July 1, 2010
The attachment to this announcement provides a summary of Direct Loan and FFEL borrower interest rates that will be effective beginning July 1, 2010. The top chart provides the rates for loans first disbursed on or after July 1, 2006 that have fixed rates for the life of the loan. The bottom chart provides rates for loans that were first disbursed between July 1, 1998 and June 30, 2006. These loans have variable interest rates that are reset each year.
In the next several days we will post a more comprehensive listing of the interest rates for all FFEL and Direct Loans, including those that were first disbursed prior to July 1, 1998.