Federal student loan interest just dropped to its lowest rate ever. The interest rate for undergraduate student loans disbursed after July 1 is 2.75%. It’s an almost 40% decrease from last year’s rate for 2019-20 loans, which was 4.53%. Graduate and PLUS loan interest rates are also at record lows: 4.30% and 5.30%, respectively. A…
Cecilia Clark is a writer at NerdWallet. Email: email@example.com.
The article It’s Now Cheaper Than Ever to Borrow Money for College originally appeared on NerdWallet.