260:
or after July 1, 2013. That effectively reversed an increase in interest rate from 3.40% to 6.80% for affected loans. Federal student loan interest rates are fixed for the life of the loan; however, the rates for new loans will change annually, based on the current market. The interest rates for the 2013–2014 academic year are as follows: 3.86% for undergraduate
Stafford Loans (both subsidized and unsubsidized) 5.41% for graduate Stafford Loans
182:). The interest on subsidized loans is paid by the federal government while the student is in school and during authorized deferment. For unsubsidized Stafford Loans, students are responsible for all of the interest that accrues while the student is enrolled in school. The interest may be deferred throughout enrollment. Unpaid interest that is deferred until after graduation is capitalized (added to the loan principal).
1110:
203:
171:. While the student was enrolled for at least half-time they were not expected to pay any principal payments on the loan, a status referred to as in-school deferment. Deferment of repayment continued for six months after the student leaves school by graduating, dropping below half-time enrollment, or withdrawing, referred to as the grace period.
239:
on
Stafford Loans may vary and are determined based upon the date the loan was disbursed. They may also vary by the education level (undergraduate or graduate) of the student. Interest rates do not vary with default risk: all students receive the same interest rate regardless of their major or their
259:
On August 9, 2013, President Obama signed the
Bipartisan Student Loan Certainty Act of 2013, changing how student loan interest rates are determined. The bill links student loan rates to the Federal 10-year Treasury rate, plus a small margin. The new rates are retroactive for all loans disbursed on
255:
was auctioned at an investment rate of 0.178%. On July 1, 2009, the base rate for variable rate
Stafford Loans were adjusted to 0.18%. Loans issued before July 1, 1998, were adjusted to a rate of 3.28%. Loans issued between July 1, 1998, and June 30, 2006, were adjusted to a rate of 2.48%.
163:
Stafford loans were guaranteed by the full faith of the US government, and were offered at a lower interest rate than the borrower would otherwise be able to get for a private loan. On the other hand, there were strict eligibility requirements and borrowing limits on
Stafford Loans.
890:
138:(with subsequent amendments), which guarantees repayment to the lender if a student defaults. As of July 1, 2010, Stafford Loans are no longer being offered, having been replaced with the William D. Ford
291:
800:
50:
342:
843:
838:
833:
828:
823:
795:
131:
675:
189:
eliminated subsidized
Stafford loans for graduate and professional students effective July 1, 2012. Unsubsidized Stafford loans are still available to these students.
414:
863:
389:
885:
878:
873:
868:
656:
1228:
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790:
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848:
667:
917:
912:
765:
168:
483:
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810:
752:
679:
439:
127:
82:
54:
935:
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110:
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659:
500:
139:
78:
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492:
106:
30:
153:
648:
620:
145:
In 1988, Congress renamed the
Federal Guaranteed Student Loan program the Robert T. Stafford Student Loan program, in honor of
780:
760:
582:
42:
212:
247:
on the last Monday of May, and become effective for the following year on July 1. For fiscal year 2008–2009, the 91-day
179:
135:
66:
46:
418:
1011:
954:
740:
1113:
613:
393:
251:
auctioned on May 27, 2008, at 1.905% (rounded to 1.91%) was used for the calculation. On May 26, 2009, the 91-day
186:
167:
As with other types of federal financial aid, students who applied for a
Stafford Loan were required to complete a
785:
476:
297:
1061:
713:
708:
1147:
1049:
1037:
1025:
984:
364:
178:
and unsubsidized loans. Subsidized loans are offered to students based on demonstrated financial need (see
469:
940:
146:
1055:
568:
94:
1198:
https://fsapartners.ed.gov/knowledge-center/topics/health-education-assistance-loan-heal-information
443:
1211:
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980:
703:
62:
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927:
730:
697:
636:
1100:
1082:
998:
960:
720:
286:
149:
1172:
1133:
134:
to help finance their education. The terms of the loans are described in Title IV of the
316:
219:
Please help update this article to reflect recent events or newly available information.
735:
1222:
1089:
461:
281:
252:
248:
244:
236:
1158:
990:
948:
123:
243:
For variable rate loans, the rates are set annually using the price of the 91-day
968:
415:"Institutional - 2009 Treasury Securities Auction Press Releases: 13-week Bills"
269:
1067:
175:
17:
725:
102:
1148:
https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized
157:
301:
605:
317:"Robert T. Stafford, 93, Former Vermont Senator and Governor, Dies"
58:
1212:
https://studentaid.gov/help-center/answers/article/stafford-loan
587:
PLUS loans from the
Federal Family Education Loan (FFEL) Program
1187:
https://studentaid.gov/help-center/answers/article/ffel-program
609:
465:
819:
196:
1173:
https://www.mohela.com/DL/resourceCenter/glossary.aspx
1134:
https://studentaid.gov/understand-aid/types/loans/plus
824:
1938 United States House of Representatives elections
132:
accredited American institutions of higher education
1010:
926:
809:
749:
690:
558:
544:
524:
499:
1159:https://studentaid.gov/manage-loans/consolidation
596:Unsubsidized/Nonsubsidized Federal Stafford Loans
215:may be compromised due to out-of-date information
26:
869:Democratic Party presidential primaries, 1960
621:
477:
8:
849:United States Senate special elections, 1941
343:"Grad Students to Lose Federal Loan Subsidy"
1207:
1205:
791:Lyndon B. Johnson School of Public Affairs
776:Lyndon B. Johnson National Historical Park
628:
614:
606:
484:
470:
462:
1168:
1166:
913:1960 United States presidential election
766:Lyndon Baines Johnson Library and Museum
290:) is being considered for deletion. See
1182:
1180:
1126:
307:
442:. Student loan network. Archived from
174:Stafford Loans were available both as
1143:
1141:
128:United States Department of Education
83:Federal Family Education Loan Program
7:
936:Lyndon B. Johnson in popular culture
771:Lyndon B. Johnson National Grassland
315:THE ASSOCIATED PRESS (24 Dec 2006).
160:, for his work on higher education.
898:Democratic National Convention 1956
854:1948 United States Senate elections
660:Vice President of the United States
649:36th President of the United States
365:"Subsidized and Unsubsidized Loans"
140:Federal Direct Student Loan Program
79:Federal Direct Student Loan Program
1229:Student loans in the United States
1020:Claudia "Lady Bird" Taylor Johnson
565:Auxiliary Loans to Assist Students
493:Student loans in the United States
25:
590:Subsidized Federal Stafford Loans
579:Health Education Assistance Loans
294:to help reach a consensus. ›
130:to eligible students enrolled in
1109:
1108:
551:Loans for Disadvantaged Students
531:Health Professions Student Loans
201:
593:Supplemental Loans for Students
781:Lyndon B. Johnson Space Center
583:National Defense Student Loans
440:"Stafford Loan Interest Rates"
345:. U.S. News & World Report
43:National Defense Education Act
1:
796:Memorial Grove on the Potomac
240:future employment prospects.
341:Katy Hopkins (13 Mar 2012).
180:Expected Family Contribution
136:Higher Education Act of 1965
67:Expected Family Contribution
47:Higher Education Act of 1965
955:The Years of Lyndon Johnson
1245:
726:Texas Broadcasting Company
517:Direct Consolidation Loans
187:Budget Control Act of 2011
1077:
786:Lyndon Baines Johnson Day
643:
514:Direct Unsubsidized Loans
31:Student loans in the U.S.
1062:George Washington Baines
714:Civil Rights Act of 1960
709:Civil Rights Act of 1957
576:Guaranteed Student Loans
573:FFEL Consolidation Loans
390:"Student Aid on the Web"
292:templates for discussion
1050:Samuel Ealy Johnson Sr.
1038:Samuel Ealy Johnson Jr.
1026:Lynda Bird Johnson Robb
668:U.S. Senator from Texas
511:Direct Subsidized Loans
55:U.S. Dept. of Education
964:(1991 television film)
698:Early years and career
73:Distribution channels
537:Nursing Student Loans
111:Private student loans
37:Regulatory framework
1056:Joseph Wilson Baines
569:Federal Perkins Loan
1064:(great-grandfather)
1044:Sam Houston Johnson
1032:Luci Baines Johnson
676:U.S. Representative
534:Nurse Faculty Loans
446:on 4 September 2009
369:Federal Student Aid
107:Consolidation Loans
801:U.S. Postage stamp
704:Southern Manifesto
501:Federal (National)
321:The New York Times
63:Cost of attendance
1123:
1122:
1101:Hubert Humphrey →
1083:← John F. Kennedy
731:Johnson Amendment
637:Lyndon B. Johnson
603:
602:
508:Direct PLUS Loans
234:
233:
126:offered from the
116:
115:
16:(Redirected from
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417:. Archived from
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1097:← Richard Nixon
1090:Richard Nixon →
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721:Operation Texas
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210:This article's
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150:Robert Stafford
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736:Box 13 scandal
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237:Interest rates
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193:Interest rates
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1058:(grandfather)
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1052:(grandfather)
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445:
441:
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421:on 2009-05-12
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396:on 2008-04-10
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370:
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299:
298:Financial Aid
293:
289:
288:
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254:
253:Treasury bill
250:
249:Treasury bill
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245:Treasury bill
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120:Stafford Loan
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19:
18:Stafford loan
1193:
1154:
1129:
1107:
1088:
1081:
1070:(son-in-law)
999:
991:
976:
969:
961:
953:
949:Johnson cult
941:
928:Public image
761:Bibliography
741:Bashir Ahmad
559:Discontinued
448:. Retrieved
444:the original
434:
423:. Retrieved
419:the original
409:
398:. Retrieved
394:the original
384:
373:. Retrieved
371:. 2019-11-13
368:
359:
347:. Retrieved
336:
324:. Retrieved
320:
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147:U.S. Senator
144:
124:student loan
119:
117:
98:
1002:(2017 film)
994:(2014 film)
977:All the Way
972:(2002 film)
970:Path to War
682:(1937–1949)
670:(1949–1961)
662:(1961–1963)
651:(1963–1969)
280:‹ The
270:Loan waiver
1068:Chuck Robb
1034:(daughter)
1028:(daughter)
891:withdrawal
750:Legacy and
425:2009-05-27
400:2008-03-06
375:2020-06-16
276:References
176:subsidized
154:Republican
51:HEROES Act
1046:(brother)
985:2016 film
981:2012 play
811:Elections
753:memorials
225:June 2023
1223:Category
1114:Category
1040:(father)
879:campaign
282:template
264:See also
99:Stafford
525:Medical
284:below (
158:Vermont
95:Perkins
1022:(wife)
1012:Family
450:12 Nov
349:12 Nov
326:12 Nov
302:Curlie
287:Curlie
122:was a
992:Selma
942:Daisy
702:1956
680:TX–10
545:Other
169:FAFSA
156:from
59:FAFSA
918:1964
908:1964
903:1960
886:1968
874:1964
864:1960
859:1954
844:1946
839:1944
834:1942
829:1940
691:Life
678:for
657:37th
452:2018
351:2018
328:2018
185:The
152:, a
103:PLUS
1000:LBJ
962:LBJ
300:at
1225::
1204:^
1179:^
1165:^
1140:^
983:,
367:.
319:.
142:.
118:A
105:·
97:·
65:·
57:·
987:)
979:(
629:e
622:t
615:v
485:e
478:t
471:v
454:.
428:.
403:.
378:.
353:.
330:.
227:)
223:(
217:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.