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 ...
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 ...
The fixed interest rate on federal student loans for undergraduates during the 2024"2025 academic year will be 6.53%, ...
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 ...
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 ...
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 ...
Federal Reserve Bank survey reveals many have higher hopes for federal student debt forgiveness, particularly older borrowers ...