Boston University Medical Campus
Student Financial Services

For federal loans disbursed on or after July 1, 1998 and before July 1, 2006 through the Direct Loan (DL) Program and/or the Federal Family Education Loan (FFEL) Program that HAVE NOT BEEN CONSOLIDATED interest rates will decrease by approximately 2% effective July 1, 2009, as announced by the U.S. Department of Education.

Rates for those DLs/FFELs will be as follows:

1.88% – during school, grace, or deferment status – down from 3.61%
2.48% – during forbearance and “active repayment” status – down from 4.21%

For DLs disbursed on or after July 1, 2006, the interest rate is fixed at 6.8%.

For Graduate Federal Direct PLUS loans disbursed July 1, 2006 onward, the interest rate is fixed at 7.9%.

Cordially,

The Office of Student Financial Services

POSTED MAY 28 2009