Student loans expected to see spike next year

(WISH Photo)

(WISH) — College students can expect to cough up even more money as they borrow for school next year.

Starting in July, interest rates will rise on new federal loans.

Undergraduates are expected to pay 4.45 percent, which is an increase from this year’s 3.76 percent.

Watch the video above for more business headlines from Jane King.

Never miss another Facebook post from WISH-TV