It's your interest rate – and we believe it is important to tell you how your variable rate is determined. For rate discounts and benefits, for and prior to 2018-19, click here


Alaska Supplemental Education Loans (ASEL), Federal Subsidized and Unsubsidized Stafford loans, and Federal PLUS and GradPLUS loans, awarded between the 2002-03 and 2005-06 academic years, have variable interest rates that are reset every July. Variable interest rates are effective July 1 of the current year through June 30 of the following year.

What is a variable interest rate?
A variable interest rate is one that changes periodically, based on current market conditions. Your ACPE variable-rate loans are reset on a yearly basis by the Alaska Student Loan Corporation using a process defined by Alaska Statute. Those same statutes require that variable interest rates will never exceed 8.25% for ASEL and Stafford loans, and 9.00% for PLUS/GradPLUS loans. This means your interest rate will be lower when the economy is not robust, but you won't have to worry about your rate exceeding the capped rate in times of inflation, no matter how high other interest rates in the industry may go.

Your interest rate will vary depending on whether your loans are in an in-school or repayment period. Your interest rate may also vary if there is a change in your eligibility for borrower benefits. For rate discounts and benefits click here.

The following table lists variable rates for loans awarded between the 2002-03 and 2005-06 academic years.

2020-2021 Variable Interest Rates

20/21 In-school rate 20/21 Repayment rate
Federal Subsidized Stafford Loans 1.83% 2.43%
Federal Unsubsidized Stafford Loans 1.83% 2.43%
Federal PLUS/GradPLUS Loans 3.23% 3.23%
Alaska Supplemental Education Loans 2.55% 2.65%


2021-2022 Variable Interest Rates

21/22 In-school rate 21/22 Repayment rate
Federal Subsidized Stafford Loans 1.72% 2.32%
Federal Unsubsidized Stafford Loans 1.72% 2.32%
Federal PLUS/GradPLUS Loans 3.12% 3.12%
Alaska Supplemental Education Loans 2.70% 2.80%


­ All interest rates are calculated annually at the lowest possible rate. State loans are funded through the Alaska Student Loan Corporation, which issues tax-advantaged bonds so borrowers can qualify for lower rates.