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News@lemmy.world · 7 months ago

Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

www.nbcnews.com

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aboringdystopia@lemmy.world

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Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

www.nbcnews.com

return2ozma@lemmy.world to

News@lemmy.world · 7 months ago

3

cross-posted to:
aboringdystopia@lemmy.world

Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

www.nbcnews.com

While the rate level is set by a pre-determined formula, the Obama administration was able to retroactively reset interest rates through a bipartisan effort in 2013.

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TechNerdWizard42@lemmy.world
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7 months ago
Almost like when the fed rate is high, ALL borrowing rates are high… Look at that.

Students, mortgages, auto loans, and the big vampire one of credit card APR rates are going up up up.

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