Here is the notice from the Department of Education.
The rates for subsidized Stafford loans drop to 5.6% for loans first disbursed on or after July 1, 2009. I had visions that the interest rate discrepancy between FFEL PLUS loans (8.5%) and Direct PLUS loans (7.9%) would magically disappear but alas, it still exists costing FFEL borrowers of PLUS loans tens of millions a year, as I posted earlier.
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