Federal Student Loan Interest Rates to Reach 12-Year High, New Data Shows

Published on May 15, 2024

The interest rate on new federal student loans for undergraduates during the upcoming 2024-25 school year is set to be the highest in 12 years following the U.S. Treasury Department’s 10-year note auction in May, according to new data from the Department of Education. The interest rate on federal direct undergraduate loans will be 6.53 percent as of this year, up from 5.5 percent for the current 2023-2024 year, data published on Tuesday shows. According to previous data from the Federal Student Aid official website, the interest rate has not been that high on any undergraduate loans in over a decade, when it was 6.8 percent in the 2012-13 school year....

Continue reading on website
Other news

Man Who Set Supreme Court Police Cars Ablaze Given 10-year Sentence

May 15, 2024
A man who claimed he had ties to a militia group received a 10-year prison term on May 14 for pouring gasoline over several Supreme Court Police cars and setting them on fire in 2020.U.S. District Court Judge Royce C. Lamberth ordered the defendant, Cody Michael Tarner, 26, of Hagerstown, Maryland, to serve 10 years in prison, pay restitution of $32,371.42, and serve three years of supervised rele

Republican-Led States Sue Biden Admin Over Title VII Guidance for Transgender Workers

May 15, 2024
A group of attorneys general from 18 Republican-led states has filed a lawsuit against the Biden administration’s Equal Employment Opportunity Commission (EEOC) after it released new guidance extending Title VII protections to transgender workers.The lawsuit, led by the state of Tennessee, was filed in federal court in Knoxville, Tennessee, on Monday.Along with the Biden administration’s EEOC, the