These are the new federal student loan interest rates for 2020
In the aftermath of the coronavirus pandemic, students borrowing for college will benefit from some of the lowest interest rates on record for federal student loans this upcoming school year.
Rates for federal loans issued between July 1, 2020 and June 30, 2021 will be 2.75% for undergraduate Stafford loans, according to the May Treasury auction, down from 4.53% this year. The lowest they’ve…