what is the interest rate on federal student loans
Great news: If you have to take out a student loan to pay for college this year, the interest rate will be lower than it was for the last three years. Interest rates for federal student loans available to undergraduates will fall to 3.76% from 4.29%. That could amount to savings of as much as $360 over the life of your loan. Some college students don't fully grasp what borrowing money will mean for their financial future.