interest rates

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Federal Student Loan Interest Rates Set to Rise

  image by flickr user FutUndBeidl (cc license) As we covered last summer, Congress passed into law student loan reforms that temporarily reduced student loan interest rates. However, as part of those reforms, the federal student loan interest rate, based on auction levels of Treasury 10-year notes, is allowed to float up to a capped percentage. This week, it appears that the first such increase is set to take effect on July 1, affecting all federal loans disbursed for the 2014-2015 academic year.

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