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Friday, October 09, 2026

Jessica Yang

Enterprise Business & Tech reporter

Jessie Yang is a sophomore studying statistics. She's interested in business, technology, and finance, and is a member of the Caimanes Student-Managed Hedge Fund, where she researches companies and develops investment theses. She's currently exploring a career in investment banking. Outside of The Alligator, she enjoys playing tennis, golfing, and pretending not to struggle on hikes in pretty places.


Enterprise

The Fed raised interest rates for the first time in three years. Here's what it changes for UF students with loans

The Federal Reserve voted unanimously to raise its benchmark interest rate by a quarter of a percentage point Sept. 16, bringing its target range to 3.75% to 4%, the first increase since July 2023. About 91% of U.S. student loan debt is federal, which doesn't change in parallel to interest rate changes. Congress sets the rate once a year and the rate is locked for its life. Federal Direct Loans first disbursed between July 1, 2026, and June 30, 2027, carry a 6.52% interest rate for undergraduates, 8.07% for graduate and professional students and 9.07% for PLUS loans, according to the Department of Education. The Fed’s increase can, however, affect private student loans.

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