Reported about 22 hours ago
The interest rates for student loans in the 2025-26 academic year are set to reach 6.39%, nearing a 15-year high and exacerbating financial pressure on students and families. Although this rate is slightly lower than the previous year's 6.53%, it remains significantly high, resulting from a federal law cap of 8.25%. This increase comes alongside changes from the Trump administration affecting student loan management and a resumption of collections for defaulted loans, leading to wage garnishment for non-paying borrowers.
Source: YAHOO