The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. The interest rate has not been that high on any undergraduate loans since the ...
The U.S. Department of Education’s newly announced federal student loan interest rates for the 2024-25 academic year broke longstanding records. Experts and policymakers alike predicted a jump ...
Kennedy Edgerton is an Updates Editor on the Mortgages and Loans team, leveraging his passion for writing and personal finance to produce stimulating content that empowers readers to enhance their ...
Students heading to college this year could wind up paying more for their schooling than those in the recent past. That’s because federal student loan interest rates are set to be the highest ...
For the 2024-25 school year, undergraduates can expect a 6.53% federal student loan interest rate — making the cost of borrowing for college the highest it's been in 16 years. Grad students and ...
The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. Borrowing to pay for college is about to get more expensive: The interest rate ...