low interest rates
The Federal Stafford and PLUS loan programs provide low-interest loans for students and parents. VSAC further reduces the cost of borrowing with our borrower benefits.
2008/2009 Academic Year*
| Loan Type | Federal Interest Rate |
|---|---|
| Subsidized Stafford for undergraduates |
6.0% |
| Unsubsidized Stafford for undergraduates |
6.8% |
| Subsidized & Unsubsidized Stafford for graduate/ professionals |
6.8% |
| Parent PLUS for parents of dependent undergraduates |
8.5% |
| Grad PLUS for graduate/professionals |
8.5% |
VSAC Borrower Benefits for the 2008/2009 Academic Year:*
- No-fee Stafford loans
- Reduced federal fees on Parent PLUS and Grad PLUS loans
- .25% interest rate reduction on new Stafford & PLUS loans if you make monthly payments by automatic debit.*
*Interest rates and borrower benefits for the 2008/2009 academic year are effective for loans disbursed on or after 7/1/08. PLUS loans approved prior to 5/19/08 do not receive reduced federal fees. VSAC reserves the right to modify, terminate, or discontinue borrower benefits at any time, at its sole discretion.
