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"Prior to 1996 ? mid '90s definitely), the Stafford Loan rate was 91-day T-bill plus 310 basis points (3.1%). Then, in the later '90's, it got made to 91-day T-bill plus 230 bp. (There was a quarter in 1998 when the rate was a "blended long term rate" plus 100 basis points, but Sallie Mae helped put the kabosh on that.)" - W505a.

W505a, (or anyone) if you have any more info on how student loan interest rates are calculated, would you please reply? Or, if you could point me in the direction of a reference I would appreciate it. Thank you very much!:)

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