Mpp, paean, anyone else who is knowledgeable about med school loans, I am a bit confused about interest rates. I understand that loans originated after July 1st qualify for the new interest rate reduction (on Federal Stafford loans). Does this mean that this new interest rate will be fixed for the life of the loan? Or, does it vary from year to year? I'm assuming the interest on Federal Subsidized loans is determined after graduation (not after the loan originates)? I'm confused and would really appreciate some help. I'll also contact me FAO tomorrow but would like to know what y'all think.