Federal student loans Interest Rates change July 1, 2008

Federal student loans Interest Rates changed
According to US Dept. of Education, here are the interest rates for loans disbursed on or after July 1, 2008:

Subsidized Stafford Loan (Undergraduate Students) - 6.0%
Subsidized Stafford Loan (Graduate Students) - 6.8%
Unsubsidized Stafford Loan - 6.8%
FFELP PLUS Loan - 8.5%
Direct Loan PLUS Loan - 7.9%

And for those of you with loans disbursed prior to Jul y 1, 2006 here are your new variable rates:

Stafford Loans that are in-school, in deferment or in a grace period - 3.61%
Stafford Loans in repayment or forbearance - 4.21%
PLUS Loans - 5.01%