The costs of borrowing on student loans for the next academic year are likely to be near the highest level in 15 years.
In the semester 2025-26, the interest rate on university students is expected to be 6.39 %, and the level of the US Treasury auction for 10 years. The rate of calculating the rate of each year is usually taken from the May auction and adding 2.05 degrees Celsius.
The next rate has decreased slightly from the rate of last year of 6.53 %, but is still among the highest levels since the big recession. The borrowing rate is crowned at 8.25 % by 8.25 % Federal Law.
High borrowing costs for new student loans are set to increase pressure on those that wrestle with the huge price mark of university education in the United States. Many families gain a lot to qualify them for financial help, but very little to cover the tuition fees from their pocket.
It also comes at a time when the administration of President Donald Trump applies new changes that will affect student loan borrowers. In recent months, Trump has announced plans to close the Ministry of Education and transfer the 1.6 trillion student loan portfolio management to small business administration.
The executive branch also restarted groups to obtain the loans of the backward students on May 5, formally, which officially ended an era of indulgence for borrowers. Those who do not make payments can now undergo wage decorationsBeadThe benefits of social security.
This story was originally shown on Fortune.com
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