The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.
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Learn about federal student loans, what their current interest rates are, differences between a federal and private student loan, and how to get a federal loan.
The federal funds rate influences the prime rate, which influences all other interest rates, such as the rates on mortgages and personal loans.4 Consumer Spending A rise in borrowing costs...
Calendar, Reference, Actual, Previous ; 2024-09-18, Interest Rate Projection - 1st Yr, 3.4%, 4.1% ; 2024-09-18, Interest Rate Projection - 2nd Yr, 2.9%, 3.1% ; 2024-09-18, Interest Rate Projection - 3rd Yr, 2.9%, 2.9% ; 2024-11-07, Fed Interest Rate Decision, , 5% ; 2024-12-04, Fed Beige Book, , ; 2024-12-18, Fed Interest Rate Decision, ,
of loans, or the effective rate of interest. Both are expressed as a percentage.1 Key... Interest rates can be influenced by the federal funds rate set by the Federal Reserve, also known as...
Federal student loans are funded by the US government. Learn all about government college loans, including eligibility, how to apply, interest rates and more.
Congress sets the interest rates for federal student loans each year. The new rates go into effect for loans disbursed on or after July 1.
The interest rate on new federal student loans is going up. The government sets annual interest rates on the debt once a year, and the percentage is based on the 10-year Treasury note...
Find out the national average student loan interest rate (for both new and existing loans) and how federal vs private rates compare.