Good news! Effective July 1, 2009, Interest Rates and Fees Drop for Federal Stafford Loans!
If you're planning to take out a Federal Stafford Loan for the 2009-2010 academic year, the terms just got better at National Education. The new lower rates and fees (see chart below) are in effect until June 30, 2010. For more details, click here.
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Loan Type
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7/1/09 - 6/30/10
Fixed Interest Rate
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SUBSIDIZED FEDERAL STAFFORD LOAN
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Undergraduates
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5.6%
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Graduates
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6.8%
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UNSUBSIDIZED FEDERAL STAFFORD LOANS
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Undergraduates and Graduates
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6.8%
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FEDERAL PLUS LOANS
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8.5%
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FEDERAL GRADPLUS LOANS
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8.5%
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0.25% interest rate reduction for automatic direct debit of payment from your account.