News

A small decline in interest rates on federal loans for next school year is the first in five years. It comes amid turmoil in ...
For loans disbursed between July 1, 2025, and June 30, 2026, undergraduate rates will be set at 6.39 percent, a decline from last year's 6.53 percent.
How Much Does It Cost to Borrow? Use This Example. Let’s say you’re comparing two $10,000 loans for 3 years at 5% interest: Even with the same interest rate, how it’s calculated affects how ...
Tennessee's maximum effective formula interest rate is adjusted to 11.50% following changes in the prime loan rate.
Freddie Mac’s rate for a 30-year fixed rate loan averaged 6.84% for the week ending June 12, virtually unchanged from the ...
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
Loans linked to banks’ internal benchmarks may not see immediate relief, certain loan categories come with fixed interest ...
Borrowing costs on student loans for the next academic year will likely be near a 15-year high. In the 2025-26 school term, the interest rate on undergraduate student debt is expected to be 6.39% ...
The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian‘s State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If ...
Tennessee's Commissioner Gonzales announced a new maximum interest rate of 11.50% per annum, influenced by the weekly average ...
Federal Reserve policy. The Federal Reserve's decisions can influence what you'll pay for a home equity loan. "Home equity rates are closely tied to the prime rate, which follows the Fed's target ...
Banks clash with CBK over new loan-pricing formula Thursday, May 01, 2025 - 4 min read. The Central Bank of Kenya in Nairobi. ... (CBK) to control lending rates, ...