The cost to take out a federal student loan will go up this year.

The interest rate for undergraduate student loans will rise to 5.045% for the 2018-2019 academic year, up from 4.45% last year. For federal Stafford loans for graduate students — which have a limit of $20,500 per year for most graduate students — the interest rate will rise to 6.595%, up from 6% last year. The interest rates on PLUS loans, which allow parents and graduate students to borrow up to the cost of attendance of a program, will jump to 7.595%, up from 7% last year.