Ottawa plans to make permanent its pandemic-era pause on student loan interest in an effort to reduce some of the current financial pressures on young Canadians as the cost of living rises. As part of its fall fiscal update tabled Thursday, the federal government outlined plans to permanently eliminate interest on all federal student loans and…
Federal Student Loan Interest Rates Will Increase for the 2022-23 Academic Year
June 15, 2022
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By Hanneh Bareham From Bankrate.com Federal student loan interest rates are set to rise for the 2022-23 academic year, following the U.S. Treasury Department’s 10-year note auction in May. The new rates will be 4.99 percent for undergraduate loans, 6.54 percent for graduate Direct Unsubsidized Loans, and 7.54 percent for PLUS loans. These rates will…
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