The table below outlines the rates and fees for the upcoming school year.
Why are interest rates rising?
The bigger impact will be felt on a loan’s overall accruing interest.
This is because the Plus loan has a higher interest rate than other types of federal student loans.
Of course, paying off the loan early would result in lower overall interest.
The other option is to take out a loan with a private lender.
Depending on those factors, you may find a private loan with a lower fixed interest rate.
