July 12 , 2007 |
Variable Interest Rates For Fiscal Year 2007-2008
The U.S. Department of the Treasury held an auction of the 91-day U.S. Treasury bills on Tuesday, May 29, 2007. The bond equivalent rate of these notes determines FFELP rates for the coming fiscal year for variable rate loans first disbursed between July 1, 1998 and June 30, 2006. The variable Stafford and PLUS loan interest rates for the period July 1, 2007 through June 30, 2008 will be as follows:
| Stafford, In-school, grace and deferment periods: | 6.62% |
| Stafford, Repayment and forbearance periods: | 7.22% |
| PLUS Loans: | 8.02% |
These rates will also affect the weighted average interest rate for loans that may be consolidated during the next fiscal year.
FFELP loans disbursed after June 30, 2006 carry the following rates:
| Stafford, both subsidized and unsubsidized in-school, grace, deferment, repayment or forbearance: | 6.8% |
| PLUS Loans: | 8.5% |
Any questions related to this Bulletin should be directed to the UHEAA Policy and Training Department at 801.321.7166 or by e-mail to mjohnson@utahsbr.edu.
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