Monday, August 21, 2017
 

Student Loan Interest Rates to Increase by Nearly 20%

Student Loan Interest Rates to Increase by Nearly 20%

As of the new 2017-2018 school year, interest rates for student loans will be increasing—in some instances—by up to 20%, amounting to a price hike to the tune of hundreds of dollars for each new borrower. With Americans already .4 trillion in debt due to student loans, this will surely harm not just the new borrowers, but the aggregate economy as well.

Source: https://www.bloomberg.com/news/articles/2017-05-10/student-loans-just-got-more-expensive

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