_federal-student-loan-interest-rates-hit-12-year-high-as-undergraduates-face-more-than-6-5-interest.jpg "Federal Student Loan Interest Rates Hit 12-Year High as Undergraduates Face More Than 6.5% Interest from more com Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:35
👁 View: 1.9M times
✓ Published: 16-May-2024
👁 View: 1.9M times
✓ Published: 16-May-2024
Description:
The interest rate on new federal student loans for undergraduates during the upcoming academic year will be more than 6.5%, the highest in 12 years. Graduate students will see more than 8% interest rate increases, and PLUS loans will have an interest rate above 9%. The higher rates are based on the 10-year Treasury note auction held every May and are expected given the Federal Reserve's high benchmark interest rate. Biden is working on new proposals to cancel up to $20,000 in debt for borrowers whose balances grew due to unpaid interest.
The interest rate on new federal student loans for undergraduates during the upcoming academic year will be more than 6.5%, the highest in 12 years. Graduate students will see more than 8% interest rate increases, and PLUS loans will have an interest rate above 9%. The higher rates are based on the 10-year Treasury note auction held every May and are expected given the Federal Reserve's high benchmark interest rate. Biden is working on new proposals to cancel up to $20,000 in debt for borrowers whose balances grew due to unpaid interest.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_searching-estate-sale-jewelry-boxes-and-more-what-will-we-find-today.webp "Curiosity Incorporated")
⏲ 24 minutes 39 seconds 👁 2.7K
_live-new-york-pro-finals-hd-2024-124-open-212-classic-more.webp "Desktop Bodybuilding")
_britney-spears-39can39t-help-but-love39-her-family.webp "Britney Spears \")
_vault-life-piranesi39s-infinite-prisons.webp "Martin Liedtke")
_heartwarming-moments-between-brothers-124-you-won39t-regret-watching.webp "Get ready for a heartwarming journey through the incredible bond of brotherhood! This must-see compilation showcases precious moments between brothers, filled with laughter, support, and unconditional love. Witness the unbreakable connection from childhood games to adult adventures, proving that brothers are always there for each other.<br/><br/>Prepare to be touched by acts of kindness, hilarious sibling rivalry, and the undeniable importance of family. This video is a celebration of brotherhood and a reminder to cherish the special bond you share with your brother(s). Grab some tissues (happy tears!), settle in, and get ready to experience the incredible power of brotherly love!<br/><br/>All the content on Heartsome is managed by WooGlobe<br/><br/>For licensing and to use this video, please email licensing(at)Wooglobe(dot)com.<br/><br/>►SUBSCRIBE for more Heart touching Videos: <br/><br/>-----------------------<br/>Copyright - #wooglobe #heartsome <br/>#heartwarmingbrothers #viralvideo #unbreakablebond #mustseecompilation #celebrationofbrotherhood #brotherhood #siblinglove #familymoments #growinguptogether #brotherlylove #loveyoutothemoonandback #familyfirst #lifelongfriends #throughthickandthin #cantcontainmytears #purejoy #makingmemories #brothersforever #alwaysthereforyou #squadgoals #bestbuddies")
_vivek-reveals-how-the-trump-vs-biden-debate-could-be-a-set-up-124-39they39re-going-to-replace-joe39.webp "Benny Johnson")
⏲ 10 minutes 55 seconds 👁 3.9K
_kamenom-procurela-rana.webp "ZALE PRODUKCIJA")
_how-to-teach-ai-to-understand-what-theyre-seeing.webp "Shawn Jain, a former OpenAI staff member, talks about his time at OpenAI and how they worked to give AI the ability to understand what it’s seeing and what impact this could have on technology such as autonomous driving. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_searching-estate-sale-jewelry-boxes-and-more-what-will-we-find-today.jpg)
_live-new-york-pro-finals-hd-2024-124-open-212-classic-more.jpg)
_britney-spears-39can39t-help-but-love39-her-family.jpg)
_vault-life-piranesi39s-infinite-prisons.jpg)
_heartwarming-moments-between-brothers-124-you-won39t-regret-watching.jpg)
_vivek-reveals-how-the-trump-vs-biden-debate-could-be-a-set-up-124-39they39re-going-to-replace-joe39.jpg)
_kamenom-procurela-rana.jpg)
_how-to-teach-ai-to-understand-what-theyre-seeing.jpg)
![[+]](/images/menu.gif){kind=small}