Regulatory Resources
Welcome to your resource on changes to the federal student loan programs.*
* While EdFund has made every effort to ensure the information provided is accurate, the U.S. Department of Education has not reviewed the following materials.
H.R. 1777
overview document
An overview of H.R. 1777 which was approved by the Senate and House of Representatives on June 23,2009 and signed into law by the President on July 1, 2009.
Credit Card Act
overview document
An overview of the Credit Card Accountability Responsibility and Disclosure Act of 2009 or the CREDIT Card act of 2009 which was approved by the Senate and House of Representatives on 5/20/2009 and signed into law by the President on 5/22/2009.
Higher Education Opportunity Act (HEOA)
overview document
An Overview of the Higher Education Opportunity Act, which was approved by the Senate and House of Representatives on July 31, 2008 and signed into law by the President on August 14, 2008.
Additional HEOA resources
Ensuring Continued Access to Student Loans Act of 2008
webcast (20 minutes, 2.14 megabytes, .wmv file)
overview document
An overview of Public Law 110-227 on the new changes that affect Title IV financial aid programs, including an analysis of the law with comments to help you understand the changes. Copyright 2008 EdFund. All rights reserved.
Final Rules to Amend FFEL, DL and Perkins Loan Regulations
webcast (36 minutes, 3 megabytes, .wmv file)
overview document
An overview of the final rules on the new regulations that affect Title IV loans, including a detailed analysis of the regulations with comments to help you understand the changes. Copyright 2007 EdFund. All rights reserved.
College Cost Reduction and Access Act (CCRAA)
overview document
An overview of the College Cost Reduction and Access Act; information that has been changed or added since the previous version of the overview is italicized.
Higher Education Reconciliation Act (HERA)
overview document
An updated step-by-step analysis of the legislation. Information that has been changed or added since the previous version of the overview is italicized.
Current Interest Rates
Rates for new fixed federal student loans, as of July 1, 2009:
| LOAN TYPE |
INTEREST RATE |
| Stafford Subsidized — undergraduate |
5.6% |
| Stafford Subsidized — graduate |
6.8% |
| Stafford Unsubsidized — all |
6.8% |
| FFEL PLUS |
8.5% |
Rates for outstanding variable federal student loans, as of July 1, 2009:
| LOAN TYPE |
INTEREST RATE |
| Stafford — in school |
1.88% |
| Stafford — repayment |
2.48% |
| FFEL PLUS |
3.28% |
Federal Student Loan Interest Rates and Loan Limits
Federal Stafford Loan Limits for Health Profession Programs
FA Guidance ReviewThe latest Dear Colleague Letters (DCLs) and Electronic Announcements in PDF format:
2008: April | January
2007: December | November| October | September | August
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