VSAC Loans – Interest Rates & Fees
| Federal Loans | Private Loans | ||
|---|---|---|---|
| Stafford | Get Rates | Advantage | Get Rates |
| Parent PLUS | Get Rates | Law or Bar | Get Rates |
| Grad PLUS | Get Rates | Medical or Residency | Get Rates |
| Consolidation | Get Rates | ||
FEDERAL LOAN INTEREST RATES AND FEES
The federal government sets interest rates and fees. VSAC reduces them with our borrower benefits.
Get the savings details.| Loan Type | Federal Interest Rate |
Federal Fees | Federal Fees Borrowing with VSAC** |
|---|---|---|---|
| Stafford | 6.8% | 1.5% Origination Fee 1% Default Fee |
0% Origination Fee 0% Default Fee |
| Parent PLUS or Grad PLUS | 8.5% | 3% Origination Fee 1% Default Fee |
3% Origination Fee 1% Default Fee (no Default Fee for loans approved on or after 5/19/08) |
| Consolidation | Weighted*** | N/A | N/A |
| Loan Type | Federal Interest Rate |
VSAC's Interest Rate** |
Federal Fees | Federal Fees Borrowing with VSAC** |
|---|---|---|---|---|
| Subsidized Stafford FOR undergraduates |
6.0% | 5.0% | 1% Origination Fee 1% Default Fee |
0% Origination Fee 0% Default Fee |
| Unsubsidized Stafford FOR undergraduates |
6.8% | 5.8% | 1% Origination Fee 1% Default Fee |
0% Origination Fee 0% Default Fee |
| Subsidized & Unsubsidized Stafford FOR graduate/professionals |
6.8% | 5.8% | 1% Origination Fee 1% Default Fee |
0% Origination Fee 0% Default Fee |
| Parent PLUS or Grad PLUS | 8.5% | 7.5% | 3% Origination Fee 1% Default Fee |
3% Origination Fee 0% Default Fee (1% Default Fee for loans approved before 5/19/08) |
*Your school’s Financial Aid Office sets the disbursement dates in accordance with federal regulations.
** VSAC evaluates borrower benefits each academic year and reserves the right to modify, terminate, or discontinue them at any time, at its sole discretion. Learn more about VSAC’s borrower benefits.
***The weighted average interest rate is determined by calculating an average of your current interest rates — each interest rate is weighted by the corresponding loan balance. The resulting rate is rounded up to the nearest 1/8th percent. The max rate is 8.25%. Click here to estimate your weighted average interest rate.
VSAC PRIVATE LOAN INTEREST RATES AND FEES
VSAC offers competitive interest rates and fees on private education loans.
| VSAC Advantage Credit Criteria |
Cosigner Required | Current Interest Rate* |
Fees |
|---|---|---|---|
| with Cosigner who meets Best credit criteria |
Yes | 6.60% | 0% |
| with Cosigner who meets Good credit criteria |
Yes | 7.10% | 0% |
| Borrower meets Good credit criteria |
No | 8.10% | 5% Origination Fee |
*Interest rates are variable; updated quarterly and determined using the average of the three-month LIBOR rate (London Inter-bank Offered Rate), plus a margin. There is no maximum rate. Rates shown are effective 4/08–6/08 and the LIBOR for this period is 3.60%. For additional information, check out VSAC APR & Repayment Examples.
| VSAC Advantage Credit Criteria |
Cosigner Required | Interest Rate* (Effective 4/08-6/08) |
Fees |
|---|---|---|---|
| with Cosigner who meets Exceptional credit criteria |
Yes | 5.85% | 0% |
| with Cosigner who meets Excellent credit criteria |
Yes | 6.85% | 0% |
| with Cosigner who meets Better credit criteria |
Yes | 7.60% | 2% Origination Fee |
| with Cosigner who meets Good credit criteria |
Yes | 8.35% | 3% Origination Fee |
| with Cosigner who meets Satisfactory credit criteria |
Yes | 8.85% | 5% Origination Fee |
| Borrower meets Good credit criteria |
No | 9.10% | 5% Origination Fee |
*Interest rates are variable; updated quarterly and determined using the average of the three-month LIBOR rate (London Inter-bank Offered Rate), plus a margin. There is no maximum rate. Rates shown are effective 4/08–6/08 and the LIBOR for this period is 3.60%. For additional information, check out VSAC APR & Repayment Examples.
| VSAC Law & Bar Credit Criteria |
Current Interest Rate* |
Fees |
|---|---|---|
| Borrower or Cosigner meet Best credit criteria |
7.25% | 0% |
| Borrower meets Good credit criteria |
7.25% | 5% Origination Fee |
*Interest rates are variable; updated quarterly and determined using the average of the three-month LIBOR rate (London Inter-bank Offered Rate), plus a margin. There is no maximum rate. Rates shown are effective 4/08–6/08 and the LIBOR for this period is 3.60%. For additional information, check out VSAC APR & Repayment Examples.
| VSAC Law & Bar Credit Criteria |
Interest Rate* (Effective 4/08-6/08) |
Fees |
|---|---|---|
| Borrower or Cosigner meet Excellent credit criteria |
7.60% | 0% |
| Borrower meets Good credit criteria |
7.60% | 5% Origination Fee |
*Interest rates are variable; updated quarterly and determined using the average of the three-month LIBOR rate (London Inter-bank Offered Rate), plus a margin. There is no maximum rate. Rates shown are effective 4/08–6/08 and the LIBOR for this period is 3.60%. For additional information, check out VSAC APR & Repayment Examples.
| VSAC Medical & Residency Credit Criteria |
Current Interest Rate* |
Fees |
|---|---|---|
| Borrower or Cosigner meet Best credit criteria |
6.30% | 0% |
| Borrower meets Good credit criteria |
6.30% | 5% Origination Fee |
*Interest rates are variable; updated quarterly and determined using the average of the three-month LIBOR rate (London Inter-bank Offered Rate), plus a margin. There is no maximum rate. Rates shown are effective 4/08–6/08 and the LIBOR for this period is 3.60%. For additional information, check out VSAC APR & Repayment Examples.
| VSAC Medical & Residency Credit Criteria |
Interest Rate* (Effective 4/08-6/08) |
Fees |
|---|---|---|
| with Cosigner who meets Excellent credit criteria |
6.60% | 0% |
| Borrower meets Good credit criteria |
6.60% | 5% Origination Fee |
*Interest rates are variable; updated quarterly and determined using the average of the three-month LIBOR rate (London Inter-bank Offered Rate), plus a margin. There is no maximum rate. Rates shown are effective 4/08–6/08 and the LIBOR for this period is 3.60%. For additional information, check out VSAC APR & Repayment Examples.
Do you already have VSAC loans? Check out the interest rates on your existing VSAC loans via
myVSAC/Account Access.
