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Interest Rate for Student Loans is on the Rise

May 12, 2017 by Cherie S. White

The U.S. Department of the Treasury is set to raise federal student loan interest rates in July, Money magazine reported Wednesday. The move had been expected after the Federal Reserve increased benchmark interest rates in recent months.

New undergraduate federal loans will have an interest rate of 4.45 percent during the upcoming academic year, up from a historically low rate of 3.76 percent.

Read more here.

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