Student loan interest rates set to reach 16-year high
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Күн бұрынThe borrowing cost for student loans is soon poised to reach a 16-year high. Financial aid expert Mark Kantrowitz told ABC News that the interest rate on a federal undergraduate student loan is expected to climb to 6.5% in July, marking its highest level since 2008. The current interest rate on a new student loan is 5.5%. "I think it's crazy. At least for me, I am scared of how I'm going to pay it off," college student Amber Rivere explained.
@lmn222002 18 күн бұрын
Borrow only what you need and send the rest back to the lender. Do not buy cars, vacations, or furniture...Just don't do it
@carolynwheaton8547 19 күн бұрын
Parents will pay until they died.
@Kitty8791 17 күн бұрын
That's only for undergraduates. For grad students it's currently 7.05% & will instease to 8%. For Direct PLUS loans (parents typically take these out), it's currently 8.05% & will increase to 9%! 😱
@silentnot4812 18 күн бұрын
I was paying 8-9% and managed to pay it off even though I graduated in a recession. We probably have more money sitting unused in these college endowments, foundations and other scholarship funds that we should be using up before forcing the taxpayer to pay more.
@Cobracommander1986 18 күн бұрын
Don’t go to college, do not get a worthless degree and or go into the trades for a real future.
@AFloridaSon 18 күн бұрын
Gotta pay for those tents and signs somehow.
@bobroberts2217 18 күн бұрын
Gotta spend tax payer money to burn books somehow.
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