Home Forums College Miscellaneous Student loans about to get more expensive

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    Hello everyone!

    Interest rates on government-backed student loans are going to increase approximately 20% on July 1. Undergraduate loan rates are slated to increase from 3.76% to 4.45% while graduate loan rates are increasing from 5.31% to 6%. Loans for parents and guardians are increasing from 6.31% to 7%.

    Best of luck with your applications!

    Sincerely,

    David Petersam
    President
    AdmissionsConsultants, Inc.
    DPetersam@admissionsconsultants.com

    AdmissionsConsultants
    1.800.809.0800

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