July 15, 2025—Loan Rates Start To Increase
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President Trump’s Big Beautiful Bill is massively rolling back federal student-loan programs in a nearly complete-180-degree turnaround from the Biden-era debt-forgiveness movement. The
Federal student loan rates dropped slightly for the 2025-26 school year, but are they the most affordable option?
The 900-page bill eliminates a 2006 program called Grad PLUS, which allowed students to borrow money up to the full cost of attendance.
Doctors regularly need to pay more than $300,000 for medical school, including tuition and housing. New regulations signed by President Donald Trump cap their federal borrowing at $200,000 for medical degrees.
The Department of Education's announcement gives borrowers just weeks to consider their options before interest begins accumulating on their loans.
Now paying up to 5.00% APY, today's high-yield savings accounts won't stay this rewarding for long -- lock in a top rate before these offers fade away.
The highest money market account rate available today is 4.50% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates The current average money market rate is 0.