The interest rates listed in the tables below are effective July 1, 2007 for new Federal Stafford and Federal PLUS Loans.

FFEL Program Loans

Stafford Loans

During	Current Rate	Rate Effective 7/1/2008
Fixed Interest Rate (loans disbursed after 7/1/2006)
Subsidized
Undergraduate	6.80 %	6.00 %
Graduate	6.80 %	6.80 %
Unsubsidized
Undergraduate	6.80 %	6.80 %
Graduate	6.80 %	6.80 %
Variable Interest Rate* (Subsidized and Unsubsidized loans disbursed before 6/30/2006)
In-school, grace, and deferment periods	6.62 %	3.61 %
All other periods	7.22 %	4.21 %

PLUS Loans

During	Current Rate	Rate Effective 7/1/2008
Fixed Interest Rate (loans disbursed after 7/1/2006)
All periods	8.50 %	8.50 %
Variable Interest Rate* (loans disbursed before 6/30/2006)
All periods	8.02 %	5.01 %

* These loans, first disbursed between 7/1/98 – 6/30/2006 have an annual variable interest rate based on the 91-day T-Bill plus a factor (between 1.7% - 3.1%, depending on loan type).