This development comes after interest rates on federal student loans were raised last month. (studentloans.net)
Under the current system, student borrowers have fixed interest rates on their loans, and there is no federal option for obtaining a lower interest rate on a federal student loan. (lendedu.com)
Only one in four borrowers (26 percent) knew that rates on federal student loans issued today are fixed for the life of the loan. (credible.com)