The Department of Education announced that federal student loan interest rates for the 2024-2025 school year will increase to 6.53%, the highest in at least a decade. This rate is up from 5.5% the previous year, affecting undergraduate and graduate students. The rise in interest rates is significant, impacting students and families planning to take out federal loans for college education.
Federal student loan interest rates for the 2024-25 academic year will now rise to the highest levels in at least 12 years. Student loan rates for undergraduate and graduate students will be now 6.5% and 8.1%, respectively, up from 5.5% and 7.1% in 2023. Direct plus graduate… https://t.co/V3y3haSajc
2023 @NACUBO Tuition Discounting Study shows ave. freshman discount rate climbed to new high—56%. If educational supply outstrips demand in coming years, discount rates will surge. Christian Higher Ed should lead in reforming the high-price/high-aid model. https://t.co/bS1BzVLb6E https://t.co/52jEy5LpnJ
This week, the US Department of Education set interest rates for federal undergrad student loans to 6.53% for the coming school year—the highest rate in at least a decade. https://t.co/DqmN3qtMor
Students and families planning to take out federal loans to pay for college this fall will see the highest interest rates in over a decade. Here are tips to keep costs down. https://t.co/BFMwZza0dY
Students and families planning to take out federal loans to pay for college this fall will see the highest interest rates in over a decade. https://t.co/YK52fUJrBr
Students taking out federal loans to pay for undergraduate college degrees will see a fixed interest rate of 6.53%. https://t.co/RAeZoNTyaN
Can’t go backwards on lifestyle. Higher percentage of subprime customers. Perverse outcome of stopped student loan payments is people qualified for debt loads they technically didn’t. https://t.co/LWafUK0IDl
STUDENTS BORROWING FROM THE FEDERAL GOVERNMENT THIS FALL WILL FACE THE HIGHEST INTEREST RATE IN MORE THAN A DECADE (NBC) The interest rate on many new federal student loans is set to rise to its highest level in more than a decade next year as lenders throughout the economy seek… https://t.co/AtaEesp4XF
The new undergraduate interest rate on student loans is the highest it has been in a decade, announced the Department of Education. https://t.co/MX2GA6HgTn
The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 academic year will be the highest in 12 years. https://t.co/UdEq00drAW
Federal student loan interest rate will rise to highest level in 12 years https://t.co/RUyLrrCUrb
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. https://t.co/LUEvTYsJ2a