06/01/2005
(original message posted via email)

New Interest Rates for Federal Stafford and PLUS Loans
Effective July 1, 2005, the new interest rates on federal student loans are as follows:
- 4.70 percent for students who are currently enrolled, within the six-month grace period or in deferment
- 5.30 percent for Federal Stafford borrowers in repayment
- 6.10 percent for Federal PLUS loan borrowers

Please note: Interest rates on Stafford and PLUS loans disbursed before July 1, 1998, are calculated using different statutory formulas and or percentage add-ons. These rates will be announced later in June.

For additional information, please refer to the Department of Education's electronic announcement at http://www.ifap.ed.gov/eannouncements/0531IntRate.html.

 

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Policy Implementation, Training & Communications
OGSLP
P.O. Box 3000
Oklahoma City, OK 73101-3000

policytrainingcommunications@ogslp.org
www.ogslp.org