The following is a record of each ratified amendment and the states and dates that led to the ratification. The Constitutional Timeline and the Ratification Grid may also be of interest.
Federal Direct Student Loan. 2016â2017 Interest Rates. For Federal Direct Student Loans with a first disbursement date between July 1, 2016 and June 30, 2017, the following rates are fixed for the life of the loan: Direct Subsidized Loans and Direct Unsubsidized. Loans for Undergraduate Students 3.76%.
Also Known As: FFEL Program; FFEL loans. FFEL includes four components: Stafford Loans, Unsubsidized Stafford Loans, Federal PLUS Loans, and Federal Consolidation Loans. Note: loans are no longer being made under this program. All new loans will be made under the Direct Loan program. Interest rate for loans made before July 1, 2006: For Stafford and Unsubsidized Stafford, in-school rate is 91-day T-Bill + 1.7%; in-repayment rate is 91-day T-Bill + 2.3%; both rates are capped at 8.25%. For PLUS, in-repayment rate is 91-day T-Bill + 3.1% and is capped at 9%. For Consolidation, see above.