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KEY TAKEAWAYS The Department of Education lowered interest rates for federal student loans taken out between July 1, 2025, ...
While student loans can come with other fees, you’ll likely see the biggest impact on your overall repayment costs from interest — so it’s important to understand what rates to expect and ...
For undergraduates, interest rates on federal student loans are now 6.53% for the 2024-25 academic year — making the cost of borrowing for college the highest it's been in 16 years. But there ...
You're almost always better off going with federal student loans because you're likely to get a lower interest rate, and they come with special benefits and protections. However, you can only ...
"graduate and professional direct loans will have an 8.08% interest rate, up from 7.05%." This will obviously increase the cost of borrowing for those who need to turn to federal student loans to ...
As of July 1, undergraduates who take out new direct federal student loans will see interest rates rise to 5.50%, the Education Department’s Federal Student Aid office said Tuesday — up from 4 ...
The interest rate on new federal student loans for undergraduates will be 6.53 percent as of July 1, up from 5.5 percent this year, the Education Department announced last week. Rates on loans for ...
"If you already have private student loans, refinancing those with a private bank is just a matter of what interest rate and terms are better and lower for longer," Geist says. Student loan ...
By Ann Carrns Interest rates on new federal student loans are expected to exceed 5 percent for the first time in five years, adding to the pressure on families already struggling to pay for college.