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.
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Keywords: iran, donald trump, u.s. 10 year treasury, united states, business news, personal finance,