Rates and Benefits
Low, fixed interest rates.
Apply now for your Federal Stafford student loan and get a starting fixed interest rate of 6.8%.†
With a fixed rate, you won’t ever have to worry about variable interest rates going higher and leaving you guessing about your monthly payment amount.
Am I being charged interest while I’m in school?
Not on any subsidized Stafford loans-any interest that accrues on your subsidized Stafford loans while you’re in school, in deferment or in your grace period will be paid by the government.
But on your unsubsidized Stafford loans, even when you’re postponing making payments because you’re in school, in deferment, in forbearance or in your grace period, those unsubsidized student loans will be accruing interest.
Any unpaid interest that accrues while you’re in school or during any postponement period will be added to the principal of your Stafford loan for you to repay once your repayment starts. If you want to avoid having any accrued interest added to your principal Stafford loan balance, you can choose to make interest-only payments on your unsubsidized Stafford student loan during any of these postponement periods.
How much do Stafford loans cost?
What are my repayment options?
†Federal Stafford Loans disbursed prior to July 1, 2006, have a variable interest rate. The variable rate on these Stafford loans adjusts on July 1 of each year, with a maximum allowable rate of 8.25%. While the borrower is in school, in deferment or in a grace period, the rate on these variable-rate Stafford loans is reduced by 0.6%.
