2017-18 student loan interest rates set

Paying for College
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The 10-year Treasury note auction was held earlier this month. The yield for the note sets the interest rate for next year’s federal student loans. http://www.cnbc.com/2017/05/10/bond-investors-digest-us-politics-data-federal-reserve-speeches.html

https://www.washingtonpost.com/news/grade-point/wp/2017/05/11/say-goodbye-to-low-interest-rates-on-federal-student-loans-at-least-for-now/

Undergraduate direct loans jumping from 3.76% to 4.55%

PLUS jumps to 7%.

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Oops, I mistyped. The new rate is 4.45%. (formula is 2.05% + the auction yield, which was 2.4%)