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.
2009/2010 Academic Year*
| Loan Type | Federal Interest Rate |
|---|---|
| Subsidized Stafford for undergraduates |
5.6% |
| 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 2009/2010 Academic Year:*
- Reduced federal fees on Stafford, Parent PLUS and Grad PLUS loans
- .25% interest rate reduction during repayment on new Stafford & PLUS loans if you sign-up for auto debit and paperless statements on all your VSAC loans.
*Borrower benefits described are for Stafford and PLUS loans approved on or after 5/25/09 with a first disbursement on or after 7/1/09. You must be less than 15 days past due on all your VSAC loans to be eligible for the interest rate reduction. Complete terms and conditions for the interest rate reduction are provided at the time of sign-up for paperless statements and automatic debit. VSAC reserves the right to modify, terminate, or discontinue borrower benefits at any time, at its sole discretion.
