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Key Points. The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year. The interest rate on federal undergraduate loans will...
Since interest rates on federal student loans can't change until July 1 of next year, any future changes will be for new loans disbursed after that date until June 30 of the following...
The new rates for Federal student loans for the 2024 - 2025 school year are set to rise significantly this fall. Federal student loans all offer a fixed interest rate, and the new...
The table below provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after July 1, 2024, and before July 1, 2025. Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.
The interest rate on your student loan has a big impact on the total costs. See what lenders offer the best rates and shop around before applying.
The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. The interest rate has not been that high on any undergraduate loans...
Get the latest student loan interest rates for federal student loans, private student loans and student loan refinance and tips for repaying student loan interest.
On July 1, interest rates for new federal student loans rose to their highest levels since before the Great Recession. Interest rates for undergraduate loans have increased to 6.53% this year, nearly a 19% increase over last year and a 44% increase from just five years ago.
The interest rates on federal student loans are fixed interest rates for the life of the loan. New interest rates apply to loans disbursed between July 1 and June 30. The interest rates are based on the high yield of the last 10-year Treasury Note auction in May, which was on May 8, 2024.
All federal student loans for undergraduates currently have an interest rate of 6.53 percent for the 2024-25 school year, while unsubsidized and Direct PLUS loans for graduate students have...