Current FFELP Interest Rates 2008-09 through 2011-12: Legislated cut subsidized Stafford loan interest rates for undergraduate students to 6.0%, 5.6%, 4.5% and 3.4%, with a return to 6.8% in 2012-13. These cuts are available only to undergraduate students, not graduate students, and only for subsidized Stafford loans, not unsubsidized Stafford loans. Those loans remain at 6.8%.
The following are the current interest rates for Federal Stafford and PLUS loans first disbursed on or after 7/01/06: Stafford:
Subsidized Undergraduate: 6.0%
Unsubsidized and all graduate: 6.8%
PLUS:
Federal Family Eduation Loan Program 8.5%
Direct Loan Program 7.9%
ED Interest Rate Memos
2010-2011 Interest Rate Memo (06/29/2010) Type:
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2009-2010 Interest Rate Memo (06/30/2009) Type:
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PLUS/SLS Variable Interest Rate for 2009 – “91-day Treasury Bill” Method
Due to the wording of the promissory notes, some loans are subject to a calendar-year adjustment of the variable interest rate, based on the “91-day Treasury Bill” method that existed in statute [section 427A(c)(4)] prior to enactment of the Higher Education Technical Amendments Act of 1987 (Pub. L. 100-50). The rate is equal to the “average of the 91-day Treasury Bills auctioned during the 12-month period ending November 30” plus 3.75 percent, not to exceed 12 percent.
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2008-2009 Interest Rate Memo (07/01/2008) Type:
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Size:111.0 KBPages:10 Download
PLUS/SLS Variable Interest Rate for 2008 – “91-day Treasury Bill” Method
Due to the wording of the promissory notes, some loans are subject to a calendar-year adjustment of the variable interest rate, based on the "91-day Treasury Bill" method that existed in statute [section 427A(c)(4)] prior to enactment of the Higher Education Technical Amendments Act of 1987 (Pub. L. 100-50). The rate is equal to the "average of the 91-day Treasury Bills auctioned during the 12-month period ending November 30" plus 3.75 percent, not to exceed 12 percent. Type:
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2007-2008 Interest Rate Memo (06/26/2007) Type:
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Size:111.0 KBPages:8 Download
Calendar Year Interest Rate Memo (12/2006) Type:
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2006-2007 Interest Rate Memo (06/27/2006) Type:
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Calendar Year Interest Rate Memo (12/2005) Type:
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2005-2006 Interest Rate Memo (06/28/2005) Type:
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Size:58.0 KB Download
Calendar Year Interest Rate Memo (12/2004) Type:
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Size:159.0 KB Download
ED Special Allowance Rate Memos
Special Allowance Rate Memo 2nd Qtr 2010 (07/08/2010) Type:
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Size:374.0 KBPages:18 Download
Special Allowance Rate Memo 1st Qtr 2010 (04/02/2010) Type:
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Size:122.0 KBPages:18 Download
Special Allowance Rate Memo 4th Qtr 2009 (01/05/2010) Type:
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Size:83.0 KBPages:19 Download
Special Allowance Rate Memo 3rd Qtr 2009 (10/02/2009) Type:
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Size:81.0 KBPages:19 Download
Special Allowance Rate Memo 2nd Qtr 2009 (07/16/2009) Type:
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Size:152.0 KBPages:18 Download
Special Allowance Rate Memo 1st Qtr 2009 (04/16/2009) Type:
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Size:128.0 KBPages:18 Download
Special Allowance Rate Memo 4th Qtr 2008 (01/16/2009) Type:
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Size:120.0 KBPages:19 Download
Special Allowance Rate Memo 3rd Qtr 2008 (10/02/2008) Type:
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Size:123.0 KBPages:17 Download
Special Allowance Rate Memo 2nd Qtr 2008 (07/02/2008) Type:
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Size:671.0 KBPages:17 Download
Special Allowance Rate Memo 1st Qtr 2008 (03/31/2008) Type:
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Size:668.0 KBPages:17 Download
Special Allowance Rate Memo 4th Qtr 2007 (12/31/2007) Type:
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Size:121.0 KBPages:16 Download
Special Allowance Rate Memo 3rd Qtr 2007 (09/30/2007) Type:
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Size:107.0 KBPages:14 Download
Special Allowance Rate Memo 2nd Qtr 2007 (06/30/2007) Type:
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Size:107.0 KBPages:14 Download
Special Allowance Rate Memo 1st Qtr 2007 (03/31/2007) Type:
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Size:107.0 KBPages:14 Download
Special Allowance Rate Memo 4th Qtr 2006 (12/31/2006) Type:
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Size:107.0 KB Download
Special Allowance Rate Memo 3rd Qtr 2006 (09/30/2006) Type:
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Size:107.0 KB Download
Special Allowance Rate Memo 2nd Qtr 2006 (03/31/2006) Type:
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Size:67.0 KB Download
04/19/2006 Letter from ED to Lenders on Delay of SAP on PLUS Loans Due to HERA Changes Type:
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Size:130.0 KB Download
Special Allowance Rate Memo 1st Qtr 2006 (1st Quarter 2006) Type:
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Size:67.0 KB Download
Special Allowance Rate Memo 4th Qtr 2005 (12/31/2005) Type:
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Size:67.0 KB Download
Special Allowance Rate Memo 3rd Qtr 2005 (09/302005) Type:
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Size:115.0 KB Download
Special Allowance Rate Memo 2nd Qtr 2005 (06/302005) Type:
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Special Allowance Rate Memo 1st Qtr 2005 (03/31/2005) Type:
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Size:75.0 KB Download
Special Allowance Rate Memo 4th Qtr 2004 (12/31/2004) Type:
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Interest Rate Information
2010-2011 Interest Rates Published 07/01/2010 Type:
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2009-2010 Interest Rates Published 07/02/2009 Type:
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2008-2009 Interest Rates Published 07/10/2008 Type:
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2007-2008 Interest Rates Published 06/26/2007 Type:
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2006-2007 Interest Rates Published 07/09/2006 Type:
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History of Variable Interest Rates Revised: 07/01/2010 Type:
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Special Allowance Rate Information
History - Treasury Bill and Commercial Paper Rates Updated 07/22/2009 Type:
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History of Special Allowance Rates (by Year, Quarter and SAP Code) - 1991 to 12-31-2004 Type:
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History of Special Allowance Rates (by SAP Code) 1987 to 06/30/2005 Type:
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LaRS and Special Allowance Reporting Table Updated: June, 2008 Type:
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