VSAC Loans – Interest Rates & Fees

Federal Loans		Private Loans
Stafford	Get Rates	Advantage	Get Rates
Parent PLUS	Get Rates	Bar	Get Rates
Grad PLUS	Get Rates	Residency	Get Rates

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FEDERAL LOAN INTEREST RATES AND FEES

2009/2010 Academic Year
(For Loans Approved On or After 5/25/09 with a 1st Disbursement Date On or After 7/1/09)*

Loan Type	Federal Interest Rate	Federal Fees	Federal Fees Borrowing with VSAC**
Subsidized Stafford FOR undergraduates	5.6%	1% Default Fee .5% Origination Fee	0% Default Fee .5% Origination Fee
Unsubsidized Stafford FOR undergraduates	6.8%	1% Default Fee .5% Origination Fee	0% Default Fee .5% Origination Fee
Subsidized & Unsubsidized Stafford FOR graduate/professionals	6.8%	1% Default Fee .5% Origination Fee	0% Default Fee .5% Origination Fee
Parent PLUS or Grad PLUS	8.5%	1% Default Fee 3% Origination Fee	0% Default Fee 3% Origination Fee

*Your school’s Financial Aid Office sets the disbursement dates in accordance with federal regulations.

** VSAC reserves the right to modify, terminate, or discontinue borrower benefits at any time, at its sole discretion.
Learn more about VSAC’s borrower benefits.

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VSAC PRIVATE LOAN INTEREST RATES AND FEES

VSAC offers competitive interest rates and fees on private education loans.

2009/2010 Academic Year
(For Loans Approved by 12/30/09)

VSAC Advantage Credit Criteria	Cosigner Required	Current Interest Rate* (Effective 10/09-12/09)	Fees
with Cosigner who meets Exceptional credit criteria	Yes	4.71%	0%
with Cosigner who meets Excellent credit criteria	Yes	5.71%	0%
with Cosigner who meets Better credit criteria	Yes	6.46%	2% Origination Fee
with Cosigner who meets Good credit criteria	Yes	7.21%	3% Origination Fee
with Cosigner who meets Satisfactory credit criteria	Yes	7.71%	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 10/09–12/09 and the LIBOR for this period is 0.46%. See VSAC Advantage for APR and Repayment examples.

 

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2009/2010 Academic Year
(For Loans Approved by 12/30/09)

VSAC Bar Credit Criteria	Cosigner Required	Current Interest Rate* (Effective 10/09-12/09)	Fees
with credit approved Cosigner	Yes	6.46%	0%

*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 10/09–12/09 and the LIBOR for this period is 0.46%. See VSAC Bar for APR and Repayment examples.

 

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2009/2010 Academic Year
(For Loans Approved by 12/30/09)

VSAC Residency Credit Criteria	Cosigner Required	Current Interest Rate* (Effective 10/09-12/09)	Fees
with credit approved Cosigner	Yes	5.46%	0%

*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 10/09–12/09 and the LIBOR for this period is 0.46%. See VSAC Residency for APR and Repayment examples.

 

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Do you already have VSAC loans?
Check out the interest rates on your existing VSAC loans via myVSAC/Account Access.

FUNDING SOURCES