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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 [6]
Once aggregate limits are met, the student is ineligible for additional Stafford loans until they pay back a portion of the borrowed funds. A student who has paid back some of these amounts regains eligibility up to the aggregate limits as before. Graduate students have a lifetime aggregate loan limit of $138,500.
In the 2009–2010 academic year, the loan limits for undergraduates were $5,500 per year with a lifetime maximum loan of $27,500. For graduate students, the limit was $8,000 per year with a lifetime limit of $60,000 (including undergraduate loans).
The fixed interest rate on federal student loans will climb to 6.53% for undergraduate loans — up from 5.5% last year. The new higher rate applies to Federal Direct Stafford loans for ...
The lifetime maximum is $31,000 for dependent students and $57,500 for independent students. ... as they can offer higher loan limits and, in some cases, lower borrowing costs. These types of ...
For most Stafford loans made before July 1, 2006: Variable rate applies (changing annually with an 8.25% cap). Stafford loans made beginning July 1, 2006: 6.8%. New subsidized Stafford loans to undergraduates beginning July 1, 2008 (per recent budget reconciliation law): 6.0% for a loan first disbursed between July 1, 2008, and June 30, 2009
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