The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 ...
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 ... new undergraduate interest rate is the highest it has been in a decade.
Following an exceptionally large drop during 2020, federal student loan rates have ... PLUS loans will carry the highest rates charged in 33 years, shifting up to an interest rate of 9.08 percent ...
That’s because federal student loan interest rates are set to be the highest they’ve been in more than a decade. Each year federal student loan rates are determined by the outcome of the May ...
The fixed interest ... new student loan interest rates every July 1 that are in effect for all loans issued during the following 12 months. The department’s fixed rates are based on the highest ...
Prior to that, most federal student loans had variable rates. The higher student loan interest rates will make it more costly for borrowers to pay back their debt - and could cause a problem for ...
The Education Department unveiled the new rates for next academic term.