The Chronicle of Higher Education. May 7, 2014.
Interest rates on new federal student loans will rise for the 2014-15 academic year, with the rate on undergraduate Stafford loans increasing to 4.66 percent, Bloomberg reported.
The interest rate on Stafford loans for undergraduates will rise to 4.66 percent, up from 3.86 percent. For graduate students, the rate on unsubsidized Stafford loans will rise to 6.21 percent, up from 5.41 percent. The rate on PLUS Loans for parents and graduate students will increase to 7.21 percent, up from 6.41 percent.