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What are the rates and fees?

As of July 1, 2006, Federal Stafford Loans come with a fixed 6.80 percent interest rate.

Save with Zero Origination Fees from Wachovia¹

Normally, two fees are deducted from your loan funds and are included in the amount you will be responsible for paying back. A 1.5 percent origination fee is charged by the U.S. Department of Education, and a federal default fee of up to 1 percent may be charged by the loan guarantor.

When you choose Wachovia as your Stafford Loan provider, we pay your origination fee. This rebate represents an immediate 1.5 percent savings of your original loan amount.

State-Specific Savings

Special Savings for Pennsylvania

If you are attending school in Pennsylvania, follow this link to learn more about the KeystoneBEST Stafford Loan.

Ready to apply?

Use our fast online application or call us toll-free at (877) 689-0763.

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¹ This benefit program may be modified or discontinued at any time without notice. Program changes will not affect loans that qualify for the benefit prior to the time of the change. Borrower is responsible for payment of applicable taxes.

Stafford Loans originated by Wachovia Education Finance Inc.

Equal Credit Opportunity Lender

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