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Last week, the average interest rate on 10-year fixed-rate private student loans increased. But borrowers interested in ...
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Student loan interest rates are high now. Here's how you may be able to secure a lower rate for the fall semester. Here's how you may be able to secure a lower rate for the fall semester.
Some interest rates for new federal student loans have hit record highs for 2024-25: 6.53% for undergraduate direct loans, 8.08% for graduate and professional direct loans, and 9.08% for PLUS loans.
The new rates apply to all loans taken out from July 1, 2023, to June 30, 2024, according to the Education Department. The interest rate for an undergraduate direct loan is 5.5%.
Specifically, Congress sets the student loan interest rates each spring, and they are in effect for the entire school year (defined for the 2018-19 school year as loans disbursed on or after July ...
With these lower interest rates for student loans, students may choose to return to campus this fall, rather than take a gap year or otherwise defer admission due to COVID-19.
Now, federal student loan interest rates are determined by the high yield of the 10-year U.S. Treasury note as of the latest auction before June 1 of each year.
Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22. Here’s what that means for student loan borrowers.
Interest rates on student loans reset each July 1 and last for a year, and they're based on the ten-year Treasury note auction plus a certain margin depending on the type of student loan.
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