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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. ... Federal Direct graduate loans, which now have ...
Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024
The Federal Reserve’s actions can influence student loan interest rates.
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
"Student-loan debt is skyrocketing, and completion rates are plummeting. There's bipartisan agreement that lasting reforms are needed to correct course," Foxx previously told BI.
U.S. News and World Report made a list of the best student loan refinancing options in the country, detailing their fixed and variable rates, which you can check out here. What to read next
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