Breaking News: 2016/2017 Federal Student Loan Interest Rates Have Been Set
The federal government has just furnished the Class of 2016 with a valuable graduation present—the gift of low interest rates.
Per 2013 legislation, federal student loan interest rates are set for each upcoming school year based upon the 10-year U.S. Treasury Note yield as of June 1st. The final Treasury Note auction prior to June 1st was held on Wednesday, so we now know rates for loans soon-to-be borrowed for the 2016/17 academic year. Happily for student loan borrowers and their families, the news is good!