The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 ...
The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 academic year will be the ...
Federal student loans made after July will carry the highest interest rates since 2010, with undergraduate loans charging 5.5 ...
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.
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 ...
The Education Department unveiled the new rates for next academic term.
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 ...
Florida continues to rank high for total federal student loan debt in the U.S., with over $105.4 billion owed.