Posted Date:July 15, 2011
|Author:||Jeff Baker, Director, Policy Liaison and Implementation, Federal Student Aid|
Subject: Direct Loan and FFEL Interest Rates Effective July 1, 2011The attachment to this announcement provides a summary of Direct Loan and FFEL borrower interest rates that will be effective beginning July 1, 2011. 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.