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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 ...
The Federal Reserve’s actions can influence student loan interest rates. ... Now, they have a fixed interest of 5.50 percent. How the Fed’s decisions affect private student loans.
The pandemic-era relief provided by the student loan payment moratorium ended in 2023, and by 2024, borrowers were back in the routine of paying their college debt — with interest.
Congressional Democrats introduced legislation on July 27 that would lower student loan interest to 0%, while capping rates for future borrowers. If passed, this would be a huge help to 44 million...
Research from EducationData.org shows that almost 44 million Americans hold an average federal student loan debt balance of $37,717. Combined, student loan debt in the U.S. adds up to $1.744 trillion.
The impact of the Federal Reserve's latest interest rate hike on student loans falls firmly into the "it depends" category -- mostly having to do with who provided the loan and when you got it ...
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