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06/21/2005 FFEL and Direct Loan Variable Interest Rates effective July 1, 2005 The Department of Education has announced new interest rates for Stafford and PLUS loans disbursed on or after July 1, 1998. The interest rates go into effect on July 1, 2005. The rates vary from 2.77% to 6.1%. For more information including how the rates are calculated and a table with the exact rates, click here.
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