College interest rates going up

Published On: Aug 06 2014 09:30:07 AM EDT   Updated On: Jun 30 2014 09:06:14 AM EDT

Student loans are about to become more expensive.

Students enrolling in college this year will see higher interest rates on school loans.  The rates on undergraduate Stafford loans taken out between July 1 and June 30, 2015 will jump to 4.6%.  That is increase from the last year's interest rate of 3.8%.  Unsubsidized loans will jump from 5.4% to 6.2%.  Direct PLUS loans will go up from 6.4% to 7.2%.  Interest rates aren't expected to stop rising.  The Congressional Budget Office expects them to rise as high as 7.7% in 2018.


The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus