Think college is pricey now? Just Wait - Sharon Epperson, CNBC

The interest rate on federal Stafford loans will go from its current fixed rate of just under 4% to 4.66% for loans distributed between July 1 and June 30, 2015. For graduate students, the rate on Stafford loans will rise from just over 5% to 6.21%. Direct PLUS Loans for graduates and parents are still the most expensive, with rates rising to 7.21%. The increase in monthly federal student loan payments can add up quickly, but shouldn't be too burdensome for most students. For every $10,000 in loans, new borrowers will pay about $4 more a month based on a 10-year repayment period. Still, experts warn that this is only just the beginning. "Federal student loan rates will continue to increase in the next few years and will likely hit the maximum rate caps which are as high as 10.5% for some loans," said Mark Kantrowitz, senior vice president and publisher of Edvisors.com. http://www.usatoday.com/story/money/personalfinance/2014/06/29/cnbc-college-costs/11489159/