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Interest rates on federal student loans are climbing for the 2024-2025 academic year, the Education Department’s Federal Student Aid office announced on Tuesday.

Rates for federal direct undergraduate loans will be 6.53%, up from 5.5% for the current academic year, and direct PLUS loans for parents of dependent undergraduates or for graduate or professional students will be 9.08%, up from 8.05%.

This…

Interest rates on federal student loans are climbing for the 2024-2025 academic year, the Education Department’s Federal Student Aid office announced on Tuesday.

Rates for federal direct undergraduate loans will be 6.53%, up from 5.5% for the current academic year, and direct PLUS loans for parents of dependent undergraduates or for graduate or professional students will be 9.08%, up from 8.05%.

This is breaking news. Check back for continued updates.



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