Direct Loan Program's Interest Rates from July 1, 2001 to June 30, 2002

Federal Direct PLUS Loans

Date the loan was first disbursed between:

Status

Treasury Instrument

Add-on

Interest Rate for 7/1/2001 to 6/30/2002

Maximum Interest Rate

7/1/1994 and 6/30/1998

All Periods

3.46

+ 3.1 =

6.56

9.00

7/1/1998 and 6/30/2003

All Periods

3.69

+ 3.1 =

6.79

9.00

Direct Loan Program's Interest Rates from July 1, 2001 to June 30, 2002

Federal Direct PLUS Consolidation Loans

Date the loan was first disbursed between:

Status

Treasury Instrument

Add-on

Interest Rate for 7/1/2001 to 6/30/2002

Maximum Interest Rate

7/1/1995 and 6/30/1998

All Periods

3.46

+ 3.1 =

6.56

9.00

Application received between:

Status

Treasury Instrument

Add-on

Interest Rate for 7/1/2001 to 6/30/2002

Maximum Interest Rate

7/1/1998 and 9/30/1998

All Periods

3.69

+ 3.1 =

6.79

9.00

10/1/1998 and 1/31/1999

All Periods

3.69

+ 2.3 =

5.99

8.25

2/1/1999 and 6/30/2003

All Periods

The lesser of 8.25 percent or the weighted average of the loans consolidated, rounded to the next higher 1/8 of one percent.

8.25