Interests rates for both Subsidized and Unsubsidized Stafford loans as of July 1, 2006, are not at a fixed rate of 6.8%; Parent PLUS loans are also now fixed at 8.5% not matter if you use Direct Lending or FEELP. Hope this helps Answer For loans borrowed as of this day, Sept. 6, 2004, the interest rate is "variable It is determined once a year in June and can go up and down Find out what the interest rate on the 91-day T-bill sold for the prior June 30th and add 1.7%. That will be your new interest rate for the year beginning July 1.
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