Federal student loan interest rates just fell for the first time in 5 years—here's what borrowers will pay on new loans

Federal student loan interest rates just fell for the first time in 5 years—here's what borrowers will pay on new loans

The federal government determines the interest rates for federal student loans each spring.

Pope Leo XIV dons cap for his alma mater, Villanova

Students and families borrowing money for college will get a slight reprieve for the upcoming school year. The interest rate for undergraduate federal student loans disbursed between July 1, 2025 and June 30, 2026 will be 6.39%, down from 6.53% for the 2024-25 school year, the Department of Education announced on May 30. Graduate loans will come with a 7.94% rate and Parent Plus loans will have an 8.94% interest rate, both lower than the prior y…

Student Loan Payments Are Coming Back—Here’s What SAVE Borrowers Need to Know Before It Hits

If you’re on the SAVE repayment plan and your student loan payments are currently paused, you’re probably wondering when the bills are coming back—and how much they’ll actually be. Let’s walk through it together, in plain language. First Things First: When Do Payments Start Again? Right now, a lot of borrowers on the SAVE plan aren’t making any payments at all. That’s because of a legal battle over the plan, and the government has placed those l…