7/01/1998 to 6/30/2008
For borrowers who are in school, in their post-school grace period, or in deferment 6.62%
For borrowers who are in repayment (except during periods of deferment) 7.22%
Rate in effect from 07/01/2007 to 06/30/2008. Variable-rate Federal Education Loans are adjusted annually on July 1. Interest rate not to exceed 8.25%.