07.28.10 | 2010-2011 Federal Student Loan Interest Rates
Hello folks! In our rush of excitement over the passing of SAFRA, we forgot to blog about this year’s federal student loan interest rates.
Here is the complete listing, all in one place for convenience:
Undergraduate
- Unsubsidized Direct Stafford Loan: 6.80% APR
- Subsidized Direct Stafford Loan: 4.50% APR
Graduate
- Unsubsidized Direct Stafford Loan: 6.80% APR
- Subsidized Direct Stafford Loan: 6.80% APR
- Direct Graduate PLUS Loan: 7.90% APR (unsubsidized)
Others
- Perkins Loan: 5.00% APR
- Direct Parent PLUS Loan: 7.90% APR (unsubsidized)
- Direct Consolidation Loan: Weighted average of consolidated loans, rounded up to the nearest 1/8th percent (0.125%)
If you have any questions about how these loans work, post them in our financial aid forum. We are always happy to answer your questions and have hundreds of users active daily to help out with their personal experience.
Best wishes for a fantastic school year students!
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