<p>anyone have any idea on how much the interest rate is?</p>
<p>do they even have interest rates?</p>
<p>Depends on what loans you are talking about.</p>
<p>The two primary Federal loans are Stafford and Perkins. Perkins has a fixed interest rate of 5%, subsidized (paid for) while you are in school, and has a 9 month grace period with no origination fees.</p>
<p>Stafford has a variable interest rate (currently at 5.30% out of school) and can be subsidized or unsubsidized, and can have a fee from 3% to 0% depending upon the lender.</p>
<p>All of this information will be given to you at the time of the financial aid award letter (or in the brochure which accompanies it).</p>
<p>ah thanks!</p>
<p>those interest rates are annual rite?</p>
<p>Yes they are annual rates.</p>