FFELP Interest Rates
2025 - 2026 Interest Rate History
Stafford Loans
Note: 91-Day T-Bill = 4.36%
| Qualifying Conditions |
Factor |
Cap |
24 - 25 Rate |
25 - 26 Rate |
| Undergraduate Subsidized Fixed Rate loans first disbursed 7/1/09 - 6/30/10, all statuses |
n/a |
5.60% |
5.60% |
5.60% |
| Undergraduate Subsidized Fixed Rate loans first disbursed 7/1/08 - 6/30/09, all statuses |
n/a |
6.00% |
6.00% |
6.00% |
| All Fixed Rate Stafford loans first disbursed on/after 7/1/06 (except Undergraduate Subsidized disbursed 7/1/08 - 6/30/10), all statuses |
n/a |
6.80% |
6.80% |
6.80% |
| A variable rate loan first disbursed 7/1/98 - 7/1/06. Borrower in repayment or forbearance status. |
2.30% |
8.25% |
7.70% |
6.66% |
| A variable rate loan first disbursed 7/1/98 - 7/1/06. Borrower in in-school, grace or deferment status. |
1.70% |
8.25% |
7.10% |
6.06% |
| A variable rate loan first disbursed 7/1/95 - 6/30/98. Borrower in repayment or forbearance status. |
3.10% |
8.25% |
8.25% |
7.46% |
| A variable rate loan first disbursed 7/1/95 - 6/30/98. Borrower in in-school, grace or deferment status. |
2.50% |
8.25% |
7.90% |
6.86% |
| A variable rate loan first disbursed 7/1/94 - 6/30/95. Enrollment period prior to 7/1/94. |
3.10% |
8.25% |
8.25% |
7.46% |
| A variable rate loan first disbursed 7/1/94 - 6/30/95. Enrollment period on/after 7/1/94 - 6/30/95. |
3.10% |
8.25% |
8.25% |
7.46% |
| A variable rate loan first disbursed on/after 10/1/92 but prior to 7/1/94. Borrower had no outstanding balance on FFELP loan when MPN signed. |
3.10% |
9.00% |
8.50% |
7.46% |
| A 8/10% loan made on/after 7/23/92 to a borrower with an outstanding FFELP loan in repayment 49 months or more and entitled to a variable interest rate. |
3.10% |
10.00% |
8.65% |
7.46% |
| A 8/10% loan made on/after 7/23/92 to a borrower with an outstanding FFELP loan in repayment 48 months or less and entitled to a variable interest rate. |
3.10% |
8.00% |
8.00% |
7.46% |
| A 8/10% loan made on/after 7/23/92 to a borrower (with no prior loans) in repayment 49 months or more and entitled to a variable interest rate. |
3.25% |
10.00% |
8.65% |
7.61% |
| A 8/10% loan made on/after 7/23/92 to a borrower (with no prior loans) in repayment 48 months or less so not yet eligible for a variable interest rate. |
N/A |
8.00% |
8.00% |
8.00% |
| A 8/10% loan made before 7/23/92 to a borrower in repayment 49 months or more and entitled to variable interest rate. |
3.25% |
10.00% |
8.65% |
7.61% |
| A 8/10% loan made before 7/23/92 a borrower in repayment 48 months or less so not yet eligible for a variable interest rate. |
N/A |
8.00% |
8.00% |
8.00% |
| Originally a 9% fixed rate loan made on/after 7/23/92; now entitled to a variable interest rate. |
3.10% |
9.00% |
8.50% |
7.46% |
| Originally a 8% fixed rate loan made on/after 7/23/92; now entitled to a variable interest rate. |
3.10% |
8.00% |
8.00% |
7.46% |
| Originally a 7% fixed rate loan made on/after 7/23/92; now entitled to a variable interest rate. |
3.10% |
7.00% |
7.00% |
7.00% |
Note: 7%, 8% & 9% fixed rate loans made before 7/23/92 are not qualified for a variable interest
rate & therefore remain at the fixed rate.
Consolidation Loans
91-Day T-Bill = 4.36%
| Qualifying Conditions |
Index+ |
Cap |
24 - 25 Rate |
25 - 26 Rate |
| A variable rate loan disbursed 11/17/97 - 9/30/98 |
3.10% |
8.25% |
8.25% |
7.46% |
| Heal Portion of the Consolidation loan disbursed 11/17/97 – 06/29/2010 (Based on the average of the 13-week T-Bill = 4.34%) |
3.00% |
N/A |
8.39% |
7.34% |
Plus & SLS Loans Prior to 7/1/98
91-Day T-Bill = 4.36% and 1 Year Constant Maturity Yield = 4.09%
| Qualifying Conditions |
Index+ |
Cap |
24 - 25 Rate |
25 - 26 Rate |
| PLUS & SLS Made prior to 10/01/92 |
3.25% |
12.00% |
8.35% |
7.34% |
| SLS Made on or after 10/1/92 but prior to 7/1/94 |
3.10% |
11.00% |
8.20% |
7.19% |
| PLUS Made on or after 10/1/92 but prior to 7/1/94 |
3.10% |
10.00% |
8.20% |
7.19% |
| PLUS Made on or after 7/1/94 but prior to 7/1/98 |
3.10% |
9.00% |
8.20% |
7.19% |
PLUS LOANS - Parent and Graduate / Professional
91 -Day T-Bill = 4.36%
| Qualifying Conditions |
Index+ |
Cap |
24 - 25 Rate |
25 - 26 Rate |
| Fixed rate PLUS loan first disbursed on/after 7/1/06 |
n/a |
8.50% |
8.50% |
8.50% |
| Variable rate PLUS first disbursed 7/1/98 - 6/30/06 |
3.10% |
9.00% |
8.50% |
7.46% |
Note: Generally, interest rates on Consolidation loans are fixed rates calculated based on the weighted average of
the loans being consolidated rounded up to the next higher 1/8 percent, not to exceed 8.25 percent.