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Education loan rates of interest simply went up once more

Expect you'll spend more for federal figuratively speaking this school year that is coming.

All rates of interest for figuratively speaking in the federal loan that is direct will increase by 0.60 portion points for the 2018-19 college year compared with loans lent for 2017-18. It’s the 2nd consecutive year that prices went up for federal student education loans.

Starting July 1, the federal student that is direct rate of interest is 5.05%, a 13% enhance from a year ago.

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