The interest rates on federal student loans are likely to slightly increase in the 2026-27 academic year, according to an exclusive analysis provided to CNBC by higher education expert Mark Kantrowitz.
Federal student loan rates are typically fixed for the life of the loan. An uptick in interest rates will make it more expensive to cover college costs.
The higher rates are set to take effect as the One Big Beautiful Bill Act eliminates several affordable student loan repayment plans and other relief options for borrowers who are financially struggling.
More than 42 million Americans hold student loans, and collectively, outstanding federal education debt exceeds $1.6 trillion.
Here’s what to know.
