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 ...
Why are student loan rates so high? Each year, Congress sets the interest rates for the next academic year. These rates apply from July 1 to June 30 of the following year — in this case, July 1 ...
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 ...
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 ...