"Based on today’s auction of the 10-year Treasury note, the rates after July 1 are likely to rise from 3.73 percent to 4.99 percent for undergraduate direct loans, 5.28 percent to 6.54 percent for graduate and professional loans, and 6.28 percent to 7.54 percent for Parent and Grad PLUS loans(Tweet by National Association of Student Financial Aid Administrators)," The Chronicle of Higher Education reports.

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Publication Date: 5/12/2022