Tough news for those taking out new student loans for the 2017/2018 school year ….

Written by Shahien Nasiripour – Bloomberg

The U.S. government is raising prices for new student debt, adding hundreds of dollars to the cost of the typical federal college loan.

Beginning in July, interest rates on new government loans are set to rise by 0.69 percentage point, according to Wednesday figures from the Department of the Treasury.…
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