Federal student loan changes take effect Jul. 1
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The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
What counts as a "good" student loan interest rate depends on whether you're borrowing a federal or private loan. Here's what to know.
Average student loan debt has been on the rise as families try to keep up with soaring college costs. The average total student debt hovers near $30,000, with 2024 college graduates owing $494 more in loans on average compared with the prior year, according to U.S. News data.
