Federal
Loans
| Program |
Status |
Rate |
| Stafford Subsidized for Undergraduate Students |
For Stafford subsidized loans disbursed on or after July 1, 2008 -
a fixed interest rate, regardless of loan status |
6.00% |
| Stafford Unsubsidized for Undergraduate Students |
For Stafford Unsubsidized loans disbursed on or after July 1, 2008 - a fixed interest rate, regardless of loan status |
6.80% |
| Stafford for Graduate Students |
For Stafford loans disbursed on or after July 1, 2008 - a fixed interest rate, regardless of loan status |
6.80% |
| Stafford for all Students prior to July 1, 2008 |
For Stafford loans disbursed on or after July 1, 2007 - a fixed interest rate, regardless of loan status or grade level |
6.80% |
| Stafford |
Borrower in repayment
*Variable rate loan disbursed on or after 7/1/98 and before
July 1, 2006 |
7.22% |
| Stafford |
Borrower in-school, grace, or deferment
*Variable rate loan disbursed on or after
7/1/98 and before July 1, 2006 |
6.62% |
| PLUS |
For PLUS loans disbursed on or after July 1, 2006 - a fixed
interest rate, regardless of loan status |
8.50% |
| PLUS |
Borrower in repayment
*Variable rate loan based on application
received on or after 7/1/98 and before July 1, 2006
|
8.02% |
Rates effective July 1, 2007 through June
30, 2008
Private Loans
| Program |
Status |
Rate |
Teachers
for NHSM |
Quarterly - Effective through June 30, 2008 |
4.970% |
| TREESM |
Quarterly - Effective through June 30, 2008 |
4.970% |
| TREESM |
Annual - Effective through July 1, 2007 through June 30, 2008 |
8.420% |
Estimated Repayment Information
Stafford
| Loan Amount |
Terms |
Monthly Payments |
| $5,500 |
10 years |
$68 |
| $8,500 |
10 years |
$98 |
| $10,500 |
10 years |
$121 |
| $18,500 |
10 years |
$213 |
| $23,500 |
10 years |
$270 |
* Based on 6.8% Interest rate
PLUS*
| Loan Amount |
Terms |
Monthly Payments |
| $5,500 |
10 years |
$68 |
| $8,500 |
10 years |
$105 |
| $10,500 |
10 years |
$130 |
| $18,500 |
10 years |
$229 |
| $23,500 |
10 years |
$291 |
*Based on 8.5% Interest rate
Origination and default fees are reduced from the total amount of the loan at disbursement.
Interest rates are used as examples only. These rates and fees will vary depending upon credit scoring.
The NHHEAF Network Organizations reserve the right to modify or cancel its programs at any time.
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