2024-2025 federal student loan interest rates rise to 6.53% for undergraduates and 8.08% for graduates.
Students borrowing federal loans in the 2024-2025 academic year will face the highest interest rates in over a decade, as the U.S. Department of Education announced a 6.53% interest rate for undergraduates, up from 5.5%. Graduate students will see an 8.08% interest rate, up from 7.05%. These rates are determined by yields on 10-year Treasury notes and vary based on loan type and recipient.
May 14, 2024
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