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The U.S. Department of Education’s newly announced federal student loan interest rates for the 2024-25 academic year broke longstanding records. Experts and policymakers alike predicted a jump ...
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 ...
Learn how the Federal Reserve's decisions affect interest rates on federal and private student loans. Find out how to respond to rate changes and when to refinance your loans.
Learn about the history, types, and impacts of student loans in the US, a form of financial aid for higher education. Find out how student loan debt has grown to $1.73 trillion and how it affects different groups of borrowers.
In May 2024, the Department of Education announced that the student loan interest rate for the 2024–2025 academic year would be 6.53% for undergraduate loans, 8.08% for postgraduate loans, and 9.08% for PLUS Loans, which was the highest undergraduate rate in more than a decade and the highest postgraduate and PLUS Loan rates in more than two ...
Learn about the history, types, and current status of the federal loan program that provides low-interest loans for students and parents in the U.S. The program, named after William D. Ford, replaced the earlier FFEL program in 2010 and has a large outstanding loan portfolio of about $1.5 trillion.
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