Federal Consolidation Interest Rate

Federal Consolidation interest rates are based on the weighted average of student loan interest rates. Federal student loans disbursed on or after July 1, 2006 have an interest rate of 6.8%*. Federal student loans disbursed before July 1, 2006 will remain variable interest rate loans. These loans will re-adjust every July 1 based on the results of the 91-day Treasury Bill. Currently, interest rates for these variable loans are:

• Stafford Loans for borrowers in grace (1-6 months after graduating): 6.62%
• Stafford Loans for borrowers in repayment: 7.22%
• Parent PLUS Loans disbursed after July 1, 1998 but before July 1, 2006: 8.02%
• Parent PLUS Loans disbursed after July 1, 2006: 8.50%