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 go into effect on July 1, 2022.
