With so much talk these days of when or whether President Biden will broadly cancel student debt – and with payments and interest on that debt paused for more than two years – it's easy to forget that the federal student loan system remains unchanged. And one part of that system is about to deliver a shock to many borrowers: Interest rates are going up, likely by quite a bit.
"We're going to get bad news," says Robert Kelchen, an expert on higher education finance at the University of Tennessee, Knoxville.
