Federal Versus Private Student Loans
The U.S. Department of Education announced federal student loan rates for the 2024 to 2025 academic year, and they’re the highest they’ve been in over a decade. Interest on direct subsidized and unsubsidized loans has gone from 5.50% to 6.53% for undergraduate loans and from 7.05% to 8.08% for graduate loans. For parent PLUS loans,