2024-19311. Annual Notice of Interest Rates for Variable-Rate Federal Student Loans Made Under the Federal Family Education Loan Program Prior to July 1, 2010

Chart 1—Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford Loans, and Federal PLUS Loans

[Interest rate based on 91-day Treasury bill]

Loan type	Cohort	91-day T-bill rate 05/28/24 (%)	Add-on (%)		Maximum rate (%)	Interest rate 07/01/24 through 06/30/25 (%)
Subsidized Stafford, Unsubsidized Stafford	First disbursed on/after 07/01/98 and before 07/01/06	5.40	1.70 (in-school, grace, deferment)	2.30 (any other status)	8.25	7.10 (in-school, grace, deferment)	7.70 (any other status).
PLUS	First disbursed on/after 07/01/98 and before 07/01/06	5.40	3.10		9.00	8.50.
Subsidized Stafford, Unsubsidized Stafford	First disbursed on/after 07/01/95 and before 07/01/98	5.40	2.50 (in-school, grace, deferment)	3.10 (any other status)	8.25	7.90 (in-school, grace, deferment)	8.25 (any other status).
Subsidized Stafford, Unsubsidized Stafford	First disbursed on/after 07/01/94 and before 07/01/95, for a period of enrollment that included or began on or after 07/01/94	5.40	3.10		8.25	8.25.
Subsidized Stafford, Unsubsidized Stafford	First disbursed on/after 10/01/92 and before 07/01/94; and First disbursed on/after 07/01/94, for a period of enrollment ending before 07/01/94 (new borrowers)	5.40	3.10		9.00	8.50.

Chart 2—Federal PLUS Loans and SLS Loans

[Interest rate based on weekly average of one-year constant maturity treasury yield]

Loan type	Cohort	Weekly average of 1-year constant maturity Treasury yield for last calendar week ending on or before 06/26/24 (%)	Add-on (%)	Maximum rate (%)	Interest rate 07/01/24 through 06/30/25 (%)
PLUS	First disbursed on/after 07/01/94 and before 07/01/98	5.10	3.10	9.00	8.20
PLUS	First disbursed on/after 10/01/92 and before 07/01/94	5.10	3.10	10.00	8.20
SLS	First disbursed on/after 10/01/92, for a period of enrollment beginning before 07/01/94	5.10	3.10	11.00	8.20
PLUS SLS	First disbursed before 10/01/92	5.10	3.25	12.00	8.35

( print page 68885)

Chart 3—“Converted” Variable-Rate Subsidized And Unsubsidized Federal Stafford Loans

[Interest rate based on 91-day treasury bill]

Loan type	Cohort	Original fixed interest rate (later converted to variable rate) (%)	91-day T-bill rate 05/28/24 (%)	Add-on (%)	Maximum rate (%)	Interest rate 07/01/24 through 06/30/25 (%)
Subsidized Stafford, Unsubsidized Stafford	First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers)	8.00, increasing to 10.00	5.40	3.10	10.00	8.50
Subsidized Stafford, Unsubsidized Stafford	First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers)	9.00	5.40	3.10	9.00	8.50
Subsidized Stafford, Unsubsidized Stafford	First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers)	8.00	5.40	3.10	8.00	8.00
Subsidized Stafford, Unsubsidized Stafford	First disbursed on or after 07/23/92 and before 07/01/94 (prior borrowers)	7.00	5.40	3.10	7.00	7.00
Subsidized Stafford, Unsubsidized Stafford	First disbursed on or after 07/23/92 and before 10/01/92 (new borrowers)	8.00, increasing to 10.00	5.40	3.25	10.00	8.65
Subsidized Stafford, Unsubsidized Stafford	First disbursed on or after 07/01/88 and before 07/23/92	8.00, increasing to 10.00	5.40	3.25	10.00	8.65

Chart 4—Federal Consolidation Loans

Consolidation loan component	Cohort	91-day T-bill rate 05/28/24 (%)	Average of the bond equivalent rates of the 91-day T-bills auctioned for the quarter ending 06/30/24 (%)	Add-on (%)	Maximum rate (%)	Interest rate 07/01/24 through 06/30/25 (%)
Portion of loan that repaid loans other than HEAL loans	Application received on/after 11/13/97 and before 10/01/98	5.40	N/A	3.10	8.25	8.25
Portion of the loan that repaid HEAL loans	Application received on/after 11/13/97	N/A	5.39	3.00	None	8.39