Graduate Loan Rates to Hit 8.07% After July 1
Key Questions
What will the new interest rate be for graduate student loans after July 1?
Graduate student loan rates will rise to 8.07% for anyone borrowing after July 1. This marks the highest rate in three years.
Why is there urgency for graduate borrowers before July 1?
The rate increase adds urgency for borrowers to lock in lower rates by borrowing before the deadline. It overlaps with other July 1 changes including cap adjustments and the end of the SAVE plan.
How does this rate change impact graduate student borrowers specifically?
It creates a concrete near-term cost increase for grad borrowers. Borrowers should review urgent steps related to federal student loan rule changes effective July 1.
Graduate student loan rates will rise to 8.07% for anyone borrowing after July 1, the highest rate in three years. This adds urgency for borrowers to lock in lower rates by borrowing before the deadline, and overlaps with the July 1 cap changes and SAVE end. Concrete near-term cost increase for grad borrowers.