Some federal student loan interest rates at record highs

(NerdWallet) - Federal student loan interest rates for 2024-25 are now live. Some have reached record highs, increasing the cost of college for people who will take out student loans for the upcoming school year.

Here’s how the current 2024-25 federal student loan interest rates compare to 2023-24 rates:

• Direct subsidized and unsubsidized loans for undergraduate students: 6.53% interest rate for 2024-25, up from 5.50%. 
• Direct unsubsidized loans for graduate students...