New Law Will Increase Student Loan Interest Rates for Borrowers

July 1, 2014

Post-secondary students and their parents are in for a treat as they begin financial preparations for the coming school year.

Under the Bipartisan Student Loan Certainty Act, signed into law last summer right as new federal student loan rates were set to double, student loan interest rates are now tied to financial markets, which means as the financial markets get stronger interest rates will get higher.

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