This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

College freshmen taking out government student loans will pay a bigger price this fall.

Interest rates could be nearly a percentage point higher than in previous years.

Under this rate, seniors with one year of school left could pay an additional $260 in interest over a 10-year period.

But analysts say freshmen with at least four years of college ahead of them could pay more than $1,000 in interest over the life of their loans.