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Form 668-B online Connecticut: What You Should Know
A. The maximum loan amount for SLS will be equal to the sum of the maximum loan amounts described in the table below: Table I. Maximum loan amounts for SLS A.1. Maximum Loan Amount (per month): The maximum amount of SLS loans for this fiscal year is 1,095. B. For each SLS loan: the federal interest rate for SLS loans in this fiscal year is variable and will be based on the interest rate set in effect for the current year; and the annual percentage rate will be 5 percentage points per year higher than a 3.0 percent annual general rate applicable to the following classes of loans in this fiscal year: (1) Federal Direct Subsidized Loan, Direct PLUS Loan, and Direct Consolidation Loan; and (2) Federal Direct Unsubsidized Loan. C. After the end of the period described in paragraph D.1. Above, the SLS interest rates, based on the table above, will apply from the beginning of the period described in paragraph D.2. Above until the end of the last calendar quarter that begins after the end of the applicable period; then the interest rates, based on the table above, will apply from the beginning of the period described in paragraph D.3. After the end of the last calendar quarter that begins after the end of the applicable period; and (3) Direct Unsubsidized Loans. B.5. In addition to the SLS loan limit, on behalf of federal SLS borrowers for this fiscal year, the Federal family education loan program may authorize a single federal lien against property for any individual student debt (federal and Federal FEEL program), including student loan debt. C. Interest rates based on the table above. Table II. Interest Rates for Federally Sponsored Student Loans (FEEL) For the Fiscal Year Beginning Oct 1, 2022 Through Sept 30, 2022 FLS Loan Limit Federally sponsored student loans subject to the provisions of this part. (Not available) 0.45% variable rate, 6.66 % Annual Percentage Rate (APR) 0.50% variable rate, 6.66 % AVERAGE LIBOR 0.38% variable rate, 6.
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