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Stock impact report

Your Money Adviser: Student Loan Rates Are Expected to Rise. Here’s What You Need to Know. [The New York Times]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Image Credit Minh Uong/The New York Times By Ann Carrns May 18, 2018 Interest rates in general are rising, and so are the rates on student loans for the coming school year. Interest rates on federal student loans for undergraduates are expected to increase to 5.045 percent from 4.45 percent for the 2018-19 academic year, said Mark Kantrowitz, an author and expert on student financial aid. Rates on loans for graduate students, Mr. Kantrowitz said, are expected to go up to 6.595 percent from 6 percent; and rates on PLUS loans, for parents and graduate students, to 7.595 percent from 7 percent. The federal government sets rates for new student loans each year, under a formula adopted by Congress several years ago. The new rates take effect annually on July 1, and apply to loans taken out for the following academic year. Rates can fall or remain flat; this will be the second consecutive year they have risen. The Education Department has not officially announced Show less Read more
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