Taking out loans for college will be cheape🍸r for student borrowers this year.

Each year, the Department of Education reassesses student loan interest rates. On Friday, the department said it would lower interest rates by 0.14 percentage points for all students who take out a direct loan between July 1, 2025, and June 30, 2026.

The Department of Education determines interest rates using yields on 10-year Treasury notes.

Last year, the department increased interest rates, reflecting higher yields caused partly by high inflation and the Federal Reserve 澳洲幸运5官方开奖结果体彩网:hiking its benchmark interest rate to the highest level in over 20 years. As a result, student loan borrowers were charged 澳洲🍸幸运5官方开奖结果体彩网:the highest intere෴st rates since 2008.

This year, the 10-year note yield was lower during the Treasury Department's May 6 auction, requiring the department to lower student loan interest rates.

Treasury yields have been on a 澳洲幸运5官方开奖结果体彩网:wild ride this year that 澳洲幸运5官方开奖结果体彩网:experts can't explain at times. President Donald Trump's on-and-o🦹ff tariffs have worried investors about the long-term outlook, and the uncertaint💧y has sent the Treasury note up and down throughout different points this year.