Tuesday, May 16, 2017

Warning: Federal Student Loan Rates Are About to Rise - ANN CARRNS, NY Times

Borrowers can expect to pay more for federal student loans, beginning on July 1. The federal government sets interest rates on student loans annually, based on a formula adopted in 2013. The rate on new undergraduate Stafford loans, one of the most popular student loans, will rise to 4.45 percent, up from 3.76 percent this year. Rates for graduate student Stafford loans will increase to 6 percent, up from 5.31 percent. https://www.nytimes.com/2017/05/12/your-money/stafford-student-loan-rates.html

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