Some federal student loan interest rates at record highs [Yahoo! Finance]
NerdWallet, Inc. (NRDS)
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Source: Yahoo! Finance
Here's how the current 2024-25 federal student loan interest rates compare to 2023-24 rates: Direct subsidized and unsubsidized loans for undergraduate students: 6.53% interest rate for 2024-25, up from 5.50%. Direct unsubsidized loans for graduate students : 8.08% interest rate for 2024-25, up from 7.05% PLUS loans, available to parents and grad students to fill in funding gaps: 9.08% interest rate for 2024-25, up from 8.05%. Since 2006, all federal student loans have had fixed interest rates. Undergraduate direct loan interest rates haven't been this high in 16 years, since the 2008-09 academic year. (The standing record is 6.8%, for loans disbursed between 2006 and 2008.) Interest rates on direct graduate loans and PLUS loans have never been this high. The latest federal interest rate hikes come on the heels of major FAFSA errors , which impacted and delayed financial aid offers, including federal loan eligibility, for millions of students. For some families, private stu
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