Every May, interest rates on federal student loans are recalculated for the upcoming school year. The rates
are calculated by combining the yield on the 10-year U.S. Treasury note with an extra fixed amount set by
Congress.
Based on this calculation, interest rates on federal student loans are set to increase for the 2022-2023
school year by more than 1%, the second straight year of increases.1 The rates apply to new federal
student loans issued July 1, 2021, through June 30, 2022 (the interest rate is fixed for the life of the loan).
To continue reading click on the following link: Federal Student Loans Update
If you would like to discuss this or other planning needs please reach out to us at info@crescendowm.com
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2022
June 22, 2022