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Borrower Rates
Fixed Interest Rates for Loans First Disbursed on or after July 1, 2006
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Federal Stafford Loans
Undergraduate Subsidized Loans - For loans first disbursed after July 1, 2008
|
6.00%
|
|
Federal Stafford Loans
Graduate Subsidized Loans
Unsubsidized Dependant & Independent Loans
|
6.80%
|
| Federal Parent PLUS/Grad PLUS Loans |
8.50%
|
Federal Consolidation Loans
Weighted average of the interest rates on the loans consolidated, rounded up to the nearest 1/8th of one percent. |
Variable Interest Rates for Loans First Disbursed Between
July 1, 1998 and June 30, 2006
| Federal Stafford Loans - In-school, Grace, or Deferment |
3.61%
|
| Federal Stafford Loans - Repayment or Forbearance |
4.21%
|
| Federal Parent PLUS/Grad PLUS Loans |
5.01%
|
Federal Consolidation Loans
Weighted average of the interest rates on the loans consolidated, rounded up to the nearest 1/8th of one percent. |
Lender Yields
For quarter ending June 30, 2008
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Commercial Paper Rate (CPR) + Special Allowance = Yield
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| |
3 month CPR
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Special Allowance
|
Yield |
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Federal Stafford Loans -
In-school, Grace or Deferment
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2.75%
|
1.19%
|
3.94%
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Federal Stafford Loans -
Repayment or Forbearance |
2.75%
|
1.79%
|
4.54%
|
Federal Parent PLUS/
Grad PLUS Loans |
2.75%
|
1.79%
|
4.54%
|
| Federal Consolidation Loans |
2.75%
|
2.09%
|
4.84%
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When the borrower rate is higher than the lender yield, it is considered excess interest which the credit union remits back to the Department of Education.
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When the lender yield is higher than the borrower rate, the credit union retains the excess.
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