The interest rate for stafford loans has not yet been determined. Interest rates are recalculated on July 1 each year. There was an article on Usatoday.com ,yesterday, reporting that interest rates may drop to around 4%. It doesn't get much better than that! If your interested here's the link:
<a href="http://www.usatoday.com/usatonline/20020425/4058508s.htm" target="_blank">www.usatoday.com/usatonline/20020425/4058508s.htm</a>