Federal student loan interest rates highest in more than a decade

Federal student loan interest rate will rise to highest level in 12 years

Borrowing to pay for college is about to get more expensive: The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 academic year will be the highest in 12 years.

Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

The interest rate on many new federal student loans will reach its highest level in over a decade next year, as lenders seek higher returns.

Student Loan Rates to Jump the Most in More Than a Decade

The Education Department unveiled the new rates for next academic term.

Federal student loan interest rates highest in more than a decade

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.

Education Dept. announces highest federal student loan interest rate in more than a decade

The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.

Federal Student Loan Interest Rates Will Hit Some Record Highs

Federal student loan interest rates will reach record heights for the 2024-25 school year, increasing the cost of college for people who will take out student loans, according to a