Last
updated 6/30/2008. Good through 6/30/2009
Federal Family Education Loan Program
(FFELP)
Stafford Loans
Stafford loans have a fixed rate that is set by the federal government. The rate is the same while a student is in school and during repayment. Stafford loans disbursed prior to July 1, 2006 will remain at a variable rate, capped at 8.25%. Contact the AnchorBank Student Lending Office or Great Lakes Higher Education for those rates.
Recent legislation will be changing Stafford loan rates. Starting July 1, 2008, the undergraduate subsidized Stafford loan interest rate will be fixed at 6.00%.
Federal
Stafford Loan
Current Interest Rate
Unsubsidized undergraduate and subsidized / unsubsidized graduate
Subsidized undergraduate (effective for loans disbursed 7/1/09 through 6/30/10)