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  2. Federal student loan rates just hit their highest point in ...

    www.aol.com/finance/education-department-unveils...

    The U.S. Department of Education’s newly announced federal student loan interest rates for the 2024-25 academic year broke longstanding records. Experts and policymakers alike predicted a jump ...

  3. How the Fed rate changes impact student loan interest rates - AOL

    www.aol.com/finance/fed-rate-hikes-impact...

    When it comes to federal student loans, interest rates are determined by Congress each year. This interest rate is valid from July 1 of the current year until June 30 of the following year and is ...

  4. Federal student loan interest rate will rise to highest level ...

    www.aol.com/federal-student-loan-interest-rate...

    The federal student loan interest rate will be 6.53% for undergraduate students, up from 5.5% for the current year. The interest rate has not been that high on any undergraduate loans since the ...

  5. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]

  6. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    The federal student loan program was criticized for not adjusting interest rates according to factors under students' control, such as the choice of academic major. Critics have contended that flat-rate pricing contributes to inefficiency and misallocation of resources in higher education and lower productivity in the labor market. [16]

  7. Federal Perkins Loan - Wikipedia

    en.wikipedia.org/wiki/Federal_Perkins_Loan

    A Federal Perkins Loan, also referred to as a Perkins Loan, was a need-based student loan offered by U.S. Department of Education from 1958 until 2017. Created as part of the Federal Direct Student Loan Program , the Perkins Loan served to assist American college students fund their post-secondary education .

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