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Interest rates on federal student loans may increase by 1 percentage point: ‘A fairly big jump,’ expert says - TL;DR CNBC

Interest rates on federal student loans may increase by 1 percentage point: ‘A fairly big jump,’ expert says

Publishing timestamp: 2024-05-08 16:54:47


Summary

The U.S. Department of Education is expected to increase interest rates on federal student loans for the 2024-2025 academic year, with estimates suggesting a potential 1 percentage point increase. This could make it more expensive for students to borrow federal loans. Rates are based on the 10-year Treasury note, which has been on the rise. Warren Buffett's stock portfolio is heavily invested in 5 stocks, Bank of America recommends a shoe stock as an inflation winner, and Tesla's price cuts may lead to a demand problem.


Sentiment: NEUTRAL

Tickers: US10Y

Keywords: irandonald trumpu.s. 10 year treasuryunited statesbusiness newspersonal finance

Source: https://www.cnbc.com/2024/05/08/interest-rates-on-federal-student-loans-may-increase-by-1percent.html


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